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Foreign stakes in Korea's top 10 business groups dropped by 2.15 percentage points this year.
According to the Korea Exchange, foreign investment in Korea's 10 largest conglomerates totaled slightly more than 32 percent in August of last year but dropped to around 30 percent this August.
Officials at the Korea Exchange are attributing the drop to falling stock prices. The total value of foreign shares in the country's top 10 business groups has fallen more than W39 trillion (US$1=W1,118) in 2008 alone.
Arirang News
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