Samsung Electronics Snares 98% of Foreign Investment in Korean Stocks in 1st Half

  • Arirang News

    July 06, 2023 08:11

    Samsung Electronics accounted for almost all of the Korean stocks bought by foreign investors in the first half of this year.
    Korea Exchange said on Wednesday that foreign purchases of Korean stocks in the first six months totaled around W12.3 trillion (US$1=W1,299). Samsung Electronics accounted for 98 percent with W12.07 trillion, followed by SK Hynix with W1.53 trillion and Hyundai Motor with W1.43 trillion.
    One analyst said foreign investors favored stocks showing strong export growth such as the chip, automobile and defense sectors. They expected automotive electrical parts to see a boost in the second half of this year following a rise in sales of EVs.

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