South Korea's National Pension Service Shifts to Consumer Goods, Cuts Semiconductor Holdings in Q2

According to Yonhapinfomax, South Korea's National Pension Service increased its stakes in consumer goods and renewable energy companies in Q2 2026, announced on July 12, while reducing positions in certain semiconductor supply chain firms.

Newly entered holdings include cosmetics, retail, and hospitality stocks, with several consumer brands added to the fund's portfolio. The fund also significantly boosted its position in BH, raising its stake by 5.85 percentage points to 13.32%, marking the largest quarterly increase among existing holdings. Conversely, materials suppliers including RF Materials and Hana Materials saw their stakes reduced.