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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] South Korea’s National Pension Service (NPS) has regained a 10%+ stake in HDC Hyundai Development Company, signaling a shift in institutional investor sentiment following a year-long trend of sell-offs.
According to filings with the Financial Supervisory Service on January 1, NPS purchased 128,537 shares of HDC Hyundai Development on December 19, marking its first acquisition exceeding 100,000 shares since February 2025. A small portion was sold the same day, but the move represents a rare net buying shift and restores NPS’s status as a major shareholder.
The NPS did not provide a specific rationale for the purchase, stating only that the disclosure was made to fulfill shareholder reporting obligations.
The buyback contrasts with the broader trend over 2025, when NPS gradually reduced its holdings from roughly 12% (8.11 million shares) at the start of the year to below 10% by October. The prior sell-off reflected prolonged uncertainties following HDC Hyundai Development’s structural accident incidents in Gwangju and Hwajeong, which raised concerns over operational suspensions and potential financial liabilities, prompting cautious institutional investor behavior.
Analysts suggest the recent stake recovery reflects improving visibility on the company’s performance and partially mitigated risk profile within the construction sector.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
