Korea’s $600b pension fund NPS set to be more active shareholder

Korea’s $600b pension fund NPS set to be more active shareholder

The logo of National Pension Service (NPS) is seen at its branch office in Seoul, South Korea, November 4, 2016. REUTERS/Kim Hong-Ji/File Photo

South Korea’s biggest pension fund may be set to make its voice heard at dozens of companies including such heavyweights as Samsung Electronics Co.

National Pension Service, which manages 723 trillion won ($610 billion), has changed its officially listed purpose for holding shares in 56 companies to “general investing” from “non-engagement investing,” according to data from regulatory filings compiled by Bloomberg.

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