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Share prices of South Korea’s two memory giants fall, causing losses for South Korea’s pension fund 137000000000 USD

PANews October 19 News: Affected by the decline in the share prices of Samsung Electronics and SK companies such as SK Hynix, South Korea’s main pension fund, the National Pension Service (NPS), incurred 182000000000000 in losses in won, equivalent to approximately 137000000000 USD. According to statistics from financial data provider FnGuide, as of October 15,NPS among 287 listed companies, the portfolio with shareholdings of 5%or more was valued at, falling from June at the end of 515930000000000 won to 333530000000000 won. This was the fund’s first quarterly decline since 2024 the fourth quarter; for the fund, which had set a record high return in the first half of the year, this represented a dramatic reversal.

🔗NPS https://www.panewslab.com/zh/articles/01a15258-0f6c-7145-87c6-3ddd2d6a86a4