TechBloomberg Tech1h ago
Samsung, SK Hynix Slide Causes $137 Billion Hit to Korea Pension
TL;DRSouth Korea's pension fund lost $137 billion due to falling Samsung and SK Hynix stock prices.
Why it matters: Major pension losses signal tech sector weakness and could pressure Korean retirement security and economic stability.
South Korea’s main pension fund took a 182 trillion won ($137 billion) hit after a decline in stakes of equities including Samsung Electronics Co. and SK Hynix Inc.
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