At times, the fund may own only a single stock.
Right now, the fund owns stock in just 20 companies.
The fund has taken $1.1 billion out of the company since then, and still owns 15 percent, which is valued at $600 million.
The fund owns about 30,000 shares at an average cost of $17.
But the fund still owns four million shares, he said.
The fund already owns about 5 percent of the company.
As a result, the fund now owns no American stocks.
The fund has owned local shares since December 1996, when it paid 37,193 won each.
Together, the nine funds owned 70 million shares worth about $3 billion.
Together the funds own more than 30 million shares in the company.