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Korean pension fund loses $137B over Samsung dip
A significant decline in the Korean pension fund has led to losses of $137 billion, resulting from a drop in the value of its investments in Samsung Electronics and SK Hynix. Korean stocks experienced sharp declines, with the KOSPI index plunging approximately 39% since June, causing the investments in these two companies to lose more than 131 trillion won. The fund's performance was heavily affected, marking its first quarterly decrease since the end of 2024. Samsung's share remained steady at 7.84%, while Hynix's stake was reduced to 7.32%, amid criticism of the fund's inability to curb market volatility.
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