March 22, 2021 12:03
Investors from 90 countries trade Samsung Electronics shares amid the recent global stock frenzy, up from 64 countries in 2019.
The globalization trend is not restricted to Samsung. SK Hynix has investors from 76 countries, Hyundai from 66 countries and Naver and LG Chem from 65 countries.
According to the Korea Exchange on Sunday, Britons were the biggest investors in Samsung shares by trading 490 million shares last year, followed by Americans (180 million shares) and Singaporeans (130 million shares).
Holders of mysterious Cayman Islands passports traded 67 million shares, followed by Swiss (75 million shares) and Hong Kong nationals (68 million shares). The Cayman Islands is a tax haven with very few native inhabitants.
Japanese traded 34 million and Chinese 14 million.
Even Afghans traded 4,246 shares, Iraqis 35 and Tajiks three.
But the equity stake in Samsung held by foreigners actually declined from 56.8 percent in late 2019 to 55.7 percent last year as small investors flocked to the bourse while institutions took profits. Samsung's share price soared 45 percent to W81,000, but it is uncertain how long the bonanza can last.
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