The value of domestic stocks held by BlackRock, the world's largest asset manager, was tallied at more than 37 trillion won. Larry Fink, BlackRock's chief executive officer (CEO), met President Lee Jae-myung, who visited New York, United States, to attend the 80th United Nations General Assembly, and said, "We will actively cooperate by linking global capital so that Korea can become the 'AI capital' of the Asia-Pacific region." ((☞ BlackRock chairman who met Lee: "Korea will be supported to become the AI capital of the Asia-Pacific")
According to Korea CXO Institute, a corporate analysis specialist, on the 24th, there are a total of 10 domestic stocks for which BlackRock disclosed holding 5% or more equity through BlackRock Fund Advisors and others. Based on the previous day's closing prices, their combined assessed value was 37.7692 trillion won. That is about 1.1% of the total market capitalization of the domestic stock market, 3,332 trillion won.
Among the stocks BlackRock holds, the value of its equity in Samsung Electronics was the largest at 25.4431 trillion won. BlackRock holds 300,391,061 shares of Samsung Electronics (a 5.07% equity stake). That is more than three times the Samsung Electronics shares directly held by Samsung Electronics Chairman Lee Jae-yong. Korea CXO Institute said BlackRock holds more Samsung Electronics shares than the combined holdings of the Samsung owner family, including Chairman Lee, Hong Ra-hee, honorary director of Leeum Museum of Art, Lee Boo-jin, president of Hotel Shilla, and Lee Seo-hyun, president of Samsung C&T.
BlackRock also held amounts in the trillion-won range, including ▲ KB Financial Group 2.8908 trillion won ▲ NAVER 2.2159 trillion won ▲ Shinhan Financial Group 2.0315 trillion won ▲ Hana Financial Group 1.6393 trillion won ▲ Woori Financial Group 1.1929 trillion won ▲ POSCO Holdings 1.1715 trillion won.
In particular, BlackRock was found to hold more than 5% equity in the four major financial holding companies—Hana Financial Group (6.43%), Woori Financial Group (6.07%), KB Financial Group (6.02%), and Shinhan Financial Group (5.99%).
In addition, BlackRock holds more than 100 billion won worth of Samsung SDI, Coway, and Samsung E&A shares.
Oil Seon, head of Korea CXO Institute, said, "BlackRock has established itself as a 'super eagle' with formidable influence in the domestic stock market," adding, "In particular, it is very important for Samsung Electronics to continue to maintain BlackRock, which holds more than 5% equity, as a friendly stake."