Korean pension fund loses $137B from Samsung downturn
The decline in the shares of Samsung Electronics and SK Hynix caused significant losses for South Korea's National Pension Fund, totaling $137 billion. The value of its investments in these two companies decreased substantially during the third quarter of 2026. The KOSPI index has fallen by about 39% since June, resulting in a loss of 72% of the total decline in the fund's investment value. Despite this, the fund maintained its stake in Samsung at 7.84%, while reducing its holdings in Hynix to 7.32%, amidst political criticism for its inability to curb market volatility.
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