NPS gobbles up Korea’s top 4 financial holding stocks

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NPS gobbles up Korea’s top 4 financial holding stocks - Korea Economic Daily

Quick Summary:

Under the guidelines of the Korean government’s corporate value-up program introduced early last year to bolster the distressed valuation of the country’s stock market, the financial service providers have actively adopted a series of shareholder return enhancement policies, such as an increase in dividend payments and an aggressive share buyback and retirement program.

South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four financial holding firms, encouraged by their strong earnings and shareholder value enhancement programs, such as dividend hikes and stock buybacks.

Noting a steady increase in banks’ earnings in recent years despite hefty expenses, Kim Eun-gap, an analyst at Kiwoom Securities Co., expected the financial holding firms’ efforts to improve shareholder return would play a pivotal role in lifting their stock valuation after years of depression.