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| Samsung Securities headquarters in Seoul / Yonhap |
By Lee Min-hyung
BlackRock, the world's largest asset manager, has become Samsung Securities' third-largest shareholder as of the end of February, data showed.
According to data from the Financial Supervisory Service, the U.S. investment firm secured a 5.46 percent stake in the Samsung affiliate as of Feb. 28. No other global asset managers possess more than a 5 percent stake in a Korean securities firm.
BlackRock already secured around 440,000 shares in Samsung Securities on Feb. 27, but then acquired more than 300,000 shares the following day.
Samsung Securities' largest shareholder is Samsung Life Insurance ― holding a 29.62 percent stake in the brokerage house. The National Pension Service is the second-largest shareholder with around a 10 percent stake.
