Fat-finger error: A calculation blunder at Samsung Securities worth $105-bn

Fallout in South Korea after an employee of the Samsung Securities brokerage makes a wrong calculation

One of the world’s largest “fat-finger” errors is creating more problems for Samsung Securities Co., a stock-trading arm of South Korea’s Samsung conglomerate and one of the country’s largest brokerages.

South Korea’s National Pension Service on Tuesday said it would cut ties with Samsung Securities, after it last week accidentally issued close to $105 billion worth of shares to its employees. The decision was due to “concerns of poor safety measures following the financial accident,” an NPS spokesman said.

The world’s fourth-largest public pension fund, the NPS said it would stop sending orders to Samsung Securities, which it had previously