The assessed value of domestic stocks held by the National Pension Service jumped by nearly 70 trillion won in a single quarter. The sharp surge in the share prices of the two major semiconductor blue chips, Samsung Electronics and SK hynix, is seen as the main reason.
According to FnGuide on the 11th, as of the 7th, the assessed value of domestic listed shares held by the National Pension Service was 266.1386 trillion won. Only stocks in which the National Pension Service's equity stake is 5% or more were counted.
At the end of the third quarter last year, the assessed value was only 196.4442 trillion won. It increased by about 35.5% in a single quarter.
The stocks that had the greatest impact on the sharp rise in the value of the National Pension Service's holdings were Samsung Electronics and SK hynix. For Samsung Electronics, the assessed value increased by 26.1882 trillion won in one quarter. SK hynix rose by 21.0967 trillion won. The combined increase in assessed value of the two stocks was 47.2849 trillion won, accounting for 67.85% of the total increase.
The National Pension Service did not increase its equity in Samsung Electronics and SK hynix. It is maintaining equity stakes of 7.75% and 7.35%, respectively. In other words, the number of shares held did not increase, but the assessed value swelled due to rising share prices.
After Samsung Electronics and SK hynix, the stocks with the largest increases in assessed value were SK Square (2.9595 trillion won), Hyundai Motor (2.0281 trillion won), and Samsung Bioepis Holdings (1.1618 trillion won).
SK Square's share price rose 113% compared with the end of the third quarter last year. In addition to a sharp increase in the share price of its subsidiary SK hynix, the impact of Senior Vice Chairman Choi Jae-won joining was significant. The market expects Senior Vice Chairman Choi to accelerate SK Square's value-up centered on artificial intelligence (AI) and semiconductors.
Conversely, among the National Pension Service's holdings, the stock with the largest decline in assessed value was Hanwha Aerospace (down 395.9 billion won). It was followed by Samyang Foods (down 267.7 billion won), Naver (down 234.2 billion won), and Krafton (down 205.9 billion won).