National Pension Service

CLIM and Whitebox Thank Fellow Shareholders for Their Support at Samsung C&T’s Annual Meeting

Retrieved on: 
Monday, March 18, 2024
Asset Management, Professional Services, Finance, Growth, Samsung C&T Corporation, Annual general meeting, City, National Pension Service, Financial Services Commission, Samsung, CLIM, KRX, Share repurchase, Security (finance)

Today, CLIM and Whitebox commented on the outcome of the Company’s March 15, 2024, Annual Meeting of Shareholders (the “Annual Meeting”), where the Investor Group submitted shareholder proposals for (i.)

Key Points: 
  • Today, CLIM and Whitebox commented on the outcome of the Company’s March 15, 2024, Annual Meeting of Shareholders (the “Annual Meeting”), where the Investor Group submitted shareholder proposals for (i.)
  • “We greatly appreciate our fellow shareholders sending a clear and loud message to Samsung C&T at this year’s Annual Meeting: improved capital allocation and shareholder returns must be made a priority.
  • As long-term shareholders, we have engaged with Samsung C&T for years regarding our concerns with its share price performance, corporate governance and capital allocation.
  • CLIM and Whitebox intend to remain long-term holders of Samsung C&T because we believe in its immense potential.

Palliser Capital Supports Shareholder Proposals to Reduce Samsung C&T’s Value Gap

Retrieved on: 
Monday, March 4, 2024
Banking, Professional Services, Finance, Share repurchase, Failure, Investment, Synovial joint, SCT, Glass Lewis, City, Growth, Samsung, ISS, National Pension Service, AGM, Value, Capital, CIO, Corporation, Shareholder, Security (finance)

The Shareholder Proposals are consistent with recommendations Palliser presented in December 2023 to unlock value and catalyze growth at SCT.

Key Points: 
  • The Shareholder Proposals are consistent with recommendations Palliser presented in December 2023 to unlock value and catalyze growth at SCT.
  • The Shareholder Proposals comprise an important near-term initiative to help reduce the gap between SCT’s share price and its intrinsic market value, which is currently $22bn, equivalent to a 54% discount (the “SCT Value Gap”) and has consistently been in excess of 60%.
  • Unfortunately, SCT continues to trade at what Palliser believes is an unacceptable and excessively wide discount to its intrinsic value, with no cogent or transparent business strategy or plan to deliver long-overdue corporate value and improved shareholder returns.
  • We are fully supportive of the Shareholder Proposals and believe they represent important near-term initiatives to start addressing the Company’s persistent discount.

Stockbridge completes reorganization and welcomes Korea's NPS as minority interest holder

Retrieved on: 
Thursday, November 2, 2023
Blue Owl Capital, National Pension Service, NPS, Growth, CVA, Partner, Investment, Platform, SAN, Financial services

SAN FRANCISCO, Nov. 2, 2023 /PRNewswire/ -- Stockbridge today announced the completion of a strategic reorganization that includes the firm's invitation to the National Pension Service of Korea to become a minority interest holder.

Key Points: 
  • Minority investment helps facilitate fast-growing firm's reorganization, new growth
    SAN FRANCISCO, Nov. 2, 2023 /PRNewswire/ -- Stockbridge today announced the completion of a strategic reorganization that includes the firm's invitation to the National Pension Service of Korea to become a minority interest holder.
  • NPS, the world's third-largest pension fund with over $750 billion in assets (as of August 31, 2023), is acquiring a partial interest in San Francisco-based Stockbridge.
  • As part of the reorganization, Stockbridge will establish new firm-wide equity and incentive programs for a broad group of senior leadership.
  • "NPS' investment in Stockbridge will assist us in completing our corporate reorganization and provide new capital for our continued growth while allowing us to execute independently.''

OpenInfra Foundation Welcomes Okestro as First Gold Member in South Korea

Retrieved on: 
Tuesday, June 13, 2023
Cloud, DevOps, SK Telecom, Contrabass, Workforce, Platform as a service, Infrastructure as a service, Meta, Huawei, SDDC, Artificial Intelligence for IT Operations, NIRS, OpenStack, Samsung, Microsoft, Deutsche Telekom, Ericsson, Mirae Asset Financial Group, Unilateral Declaration of Egyptian Independence, Silver, Security, CMP, Korea, Bloomberg, Ubuntu, Gold, South Korea, Red Hat, National Pension Service, Ant Group, United Nations Information and Communication Technologies Task Force, K Bank, Naver, Growth, Architecture, AI, Bank, ZTE, NEC, Video game, Network equipment provider, China Telecom, Viola

VANCOUVER, Canada, June 13, 2023 /PRNewswire-PRWeb/ -- OPENINFRA SUMMIT — The Open Infrastructure Foundation (OpenInfra Foundation) announced today that Okestro has elevated its commitment to the global community by becoming a Gold Member after joining a year ago as a Silver Member. Okestro is also Premier Sponsor of the OpenInfra Summit.

Key Points: 
  • As a leading cloud software company in South Korea, Okestro pledges to encourage adoption of OpenInfra technology, elevating South Korea as a leader in the global cloud ecosystem.
  • VANCOUVER, Canada, June 13, 2023 /PRNewswire-PRWeb/ -- OPENINFRA SUMMIT — The Open Infrastructure Foundation (OpenInfra Foundation) announced today that Okestro has elevated its commitment to the global community by becoming a Gold Member after joining a year ago as a Silver Member.
  • Other Okestro clients in South Korea include the National Pension Service, 'H' Financial Group, 'K' Bank and the National Ministry of Defense.
  • To support this growth and priorities of the community in South Korea, Okestro is a founding participant of OpenInfra Asia , a regional hub announced at the OpenInfra Summit Vancouver today.

AIF Global Launches New AIF APAC Division with Asia Pacific Regional Focus at Inaugural Annual Investors' Meeting in Seoul

Retrieved on: 
Wednesday, April 5, 2023
Faculty, Private equity, University, Capital, Government of New York (state), Infrastructure, Rockefeller Capital Management, NYSTRS, Socially responsible investing, Korea Post, State, Real assets, Real estate, CBRE, National Assembly, Korea Investment Corporation, NPS, Yonsei University, Monetary Policy Committee, National Pension Service, Center of excellence, National Assembly (South Korea), ESG, Bank, Private credit, Management, Cryptocurrency, Alternative Credit Investments

NEW YORK, April 5, 2023 /PRNewswire/ -- The independent economic think tank AIF Global (www.aifglobal.org) is pleased to announce the launch of a new division called AIF APAC. AIF APAC will serve as an ongoing resource that will educate and inform the global institutional asset owner community, particularly those based in the Asia Pacific regions of South Korea, Australia, Japan, Singapore, and Hong Kong, about the best use of alternative investments in their portfolios. 

Key Points: 
  • Yonsei University Professor of Finance Sam Y. Chung will serve as the first Head of AIF APAC.
  • AIF APAC held its inaugural Annual Investors' Meeting in Seoul on March 28–29, 2023.
  • AIF APAC's forums and other investment activities will be integrated with those of AIF Global across the four continents that AIF Global visits: North America, Australia, Europe, and Asia.
  • AIF APAC plans to add other Faculty Members with specialized expertise in the main alternative asset classes that AIF Global studies: Private Equity, Private Credit, Real Estate, Infrastructure, and Diversifying and Opportunistic Strategies.

BPAS Promotes Jason Disco to Lead Defined Benefit Sales and Service

Retrieved on: 
Monday, January 30, 2023
Community Bank, N.A., DC, National Pension Service, Knowledge, APS, Partnership, Disco, DBO, Lincoln, Retirement, Lincoln National Corporation, BPAS, DB, Senior, Pension fund, Life insurance, Nightclub

Since joining BPAS in 2015, Jason has secured key partnerships to help expand the BPAS Actuarial & Pension Services footprint across the nation.

Key Points: 
  • Since joining BPAS in 2015, Jason has secured key partnerships to help expand the BPAS Actuarial & Pension Services footprint across the nation.
  • In addition to his strong leadership skills and strategic thinking, he brings a keen understanding of integrated Defined Benefit (DB) and Defined Contribution (DC) solutions.
  • "BPAS brings a unique ability to seamlessly combine DC and DB plans under one roof for plan sponsors," said Disco.
  • Among his many accomplishments at BPAS, Disco recently stewarded a relationship with key partners at Lincoln Financial Group that led to an exclusive BPAS partnership for their Defined Benefit Outsourcing (DBO) solution.

SL Green Celebrates the Topping Out of One Madison Avenue in Midtown South

Retrieved on: 
Tuesday, December 13, 2022
Hines, Madison Square and Madison Square Park, New York City Department of Parks and Recreation, National Pension Service, DOAS, Madison Avenue, NYSE, Council, REIT, Partnership, Park Avenue, Construction management, Park, One Madison, SL, Vanderbilt, SLG, Maintenance, Heart, Metropolitan Life Insurance Company Tower, Trust, WELL, AECOM, Tishman, IBM, Investment, 23rd Street, Recreation, SL Green Realty, Michelin, Interior design, Restaurant, Midtown South

NEW YORK, Dec. 13, 2022 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, together with its joint venture partners including the National Pension Service of Korea and Hines, today announced the topping out of its transformative One Madison Avenue office tower, located at the corner of 23rd Street and Madison Avenue, in Manhattan’s desirable Midtown South submarket. With construction managed by AECOM Tishman and designed by architects Kohn Pedersen Fox, the project is anticipated to be completed on-schedule in November 2023. One Madison Avenue is currently 55% leased, drawing interest from leading technology and financial service firms seeking premier office space in the heart of the city.

Key Points: 
  • “Chef Daniel Boulud will bring an exciting new French market and his first steakhouse to One Madison.
  • “One Madison Avenue continues SL Green’s transformative vision of Manhattan East and once again we’re honored to be part of that transformation,” said Jay Badame, President, Construction Management, AECOM.
  • Chef Boulud will bring to life a European petit marché located on 23rd Street between Madison Avenue and Park Avenue South.
  • As of September 30, 2022, SL Green held interests in 62 buildings totaling 33.6 million square feet.

Halifax Health Selects BPAS for Retirement Plan Services

Retrieved on: 
Tuesday, November 1, 2022
Trauma center, Retirement, Actuarial science, Health, Trust, Halifax Health, DC, News, Center, Partnership, Organization, Durrow healthcare consultancy, FN Minimi, DB, Program, Human resources, TEDA International Cardiovascular Hospital, IBM Watson Health, IRA, Jen Golbeck, VEBA, Technology, Pediatric intensive care unit, Cash balance plan, Education, Review, Adolescence, National Pension Service, Oklahoma Employment Security Commission, Fund administration, Senior, HR, Rehabilitation, Joseph Waeckerle, BPAS, Life insurance, Hospital, Management, Pension fund, Child

"BPAS is honored to service the Halifax suite of defined contribution plans," said Elizabeth Kaido, Senior Vice President of Sales at BPAS.

Key Points: 
  • "BPAS is honored to service the Halifax suite of defined contribution plans," said Elizabeth Kaido, Senior Vice President of Sales at BPAS.
  • We're also confident that Halifax Health plan participants will get a lot of value from our new BPAS participant website and robust education and wellness tools."
  • The BPAS family of services includes Workplace Retirement Plans, Actuarial & Pension, Healthcare Consulting, IRA, VEBA HRA, Health & Welfare Plans, Fiduciary, Collective Investment Funds, Fund Administration, and Institutional Trust.
  • The BPAS Actuarial & Pension Services division has served as actuary and consultant on the Halifax Health defined benefit (DB) plans for more than 10 years.

Offering Insights into Global Finance in Jeollabuk-do, a Regionally-Driven Global Economic Network

Retrieved on: 
Friday, September 16, 2022
Opening ceremony, YouTube, Balanced line, Role, Organization, STORAGE, Climate change, KAIST, Presidential committee on young generation, Golden Joystick Awards, World Culture Open, National Pension Service, Conference, Education, Video game, Tourism

SEOUL, South Korea, Sept. 16, 2022 /PRNewswire/ -- Jeollabuk-do (Governor Kim Kwan-Young) announced that the 3rd GENIE* Forum will be held in the JeonjuHanok Village area, including Lahan Hotel, for two days from Sep. 22 (Thu.) to Sep. 23 (Fri.).

Key Points: 
  • A global network of 11 collaborative organizations, including Presidential Committee for Balanced National Development, Jeollabuk-do, JeonjuCity and the National Pension Service
    Held in JeonjuHanok Village area for two days, from Sep. 22 (Thu.)
  • to Sep. 23 (Fri.)
    SEOUL, South Korea, Sept. 16, 2022 /PRNewswire/ -- Jeollabuk-do (Governor Kim Kwan-Young) announced that the 3rd GENIE* Forum will be held in the JeonjuHanok Village area, including Lahan Hotel, for two days from Sep. 22 (Thu.)
  • Members of the GENIE Forum Organizing Committee and heads of major related organizations will gather in the Opening Ceremony, held on Sep. 22 (Thu.)
  • at Lahan Hotel, while global asset management experts will hold discussions under the theme, "The Future of Asset Management and The Role of Regional Finance" during the Jeonbuk International Finance Conference.

Offering Insights into Global Finance in Jeollabuk-do, a Regionally-Driven Global Economic Network

Retrieved on: 
Friday, September 16, 2022
Opening ceremony, YouTube, Balanced line, Role, Organization, STORAGE, Climate change, KAIST, Presidential committee on young generation, Golden Joystick Awards, World Culture Open, National Pension Service, Conference, Education, Video game, Tourism

SEOUL, South Korea, Sept. 16, 2022 /PRNewswire/ -- Jeollabuk-do (Governor Kim Kwan-Young) announced that the 3rd GENIE* Forum will be held in the JeonjuHanok Village area, including Lahan Hotel, for two days from Sep. 22 (Thu.) to Sep. 23 (Fri.).

Key Points: 
  • A global network of 11 collaborative organizations, including Presidential Committee for Balanced National Development, Jeollabuk-do, JeonjuCity and the National Pension Service
    Held in JeonjuHanok Village area for two days, from Sep. 22 (Thu.)
  • to Sep. 23 (Fri.)
    SEOUL, South Korea, Sept. 16, 2022 /PRNewswire/ -- Jeollabuk-do (Governor Kim Kwan-Young) announced that the 3rd GENIE* Forum will be held in the JeonjuHanok Village area, including Lahan Hotel, for two days from Sep. 22 (Thu.)
  • Members of the GENIE Forum Organizing Committee and heads of major related organizations will gather in the Opening Ceremony, held on Sep. 22 (Thu.)
  • at Lahan Hotel, while global asset management experts will hold discussions under the theme, "The Future of Asset Management and The Role of Regional Finance" during the Jeonbuk International Finance Conference.