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Foreign Investors Turn to Net Sellers of Local Stocks in Feb.

Foreign Investors Turn to Net Sellers of Local Stocks in Feb.

SEOUL, March 16 (Korea Bizwire) — Foreign investors became net sellers of South Korean stocks last month, ending their two-month buying spree, data showed Monday. Foreigners sold a net 3.22 trillion won (US$2.6 billion) worth of local stocks in February, according to the data from the Financial Supervisory Service (FSS). American investors sold a net [...]

Foreign Selling of Korean Stocks Soars in Feb. on Virus

Foreign Selling of Korean Stocks Soars in Feb. on Virus

SEOUL, March 4 (Korea Bizwire) — Foreign selling of South Korean stocks skyrocketed in February as investors rushed to pull out of emerging markets amid the coronavirus scare, data showed Wednesday. Offshore investors sold a net US$3 billion worth of South Korean stocks last month, compared with net selling of $165 million a month earlier, [...]

Foreigners Scoop Up Kakao on Improving Earnings, Biz Diversification

Foreigners Scoop Up Kakao on Improving Earnings, Biz Diversification

SEOUL, Dec. 3 (Korea Bizwire) — Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, [...]

About 770 Foreigners Granted Resident Status Under Immigrant Investor Program

About 770 Foreigners Granted Resident Status Under Immigrant Investor Program

SEOUL, Jul. 4 (Korea Bizwire) — Nearly 770 foreign investors have been permitted to live legally in South Korea over the past six years under a government immigrant investor program, the Ministry of Justice said Thursday. Under the Immigrant Investor Scheme for Public Business (IISPB) program launched in May 2013, a total of 766 foreigners [...]

Seoul Mayor Vows to Offer Cash to Foreign Investors

Seoul Mayor Vows to Offer Cash to Foreign Investors

SEOUL, Mar. 25 (Korea Bizwire) — Seoul Mayor Park Won-soon said Monday his municipal government will provide wholehearted support, including cash, to foreign companies investing in the capital city. The Seoul Metropolitan Government will create six industrial clusters in the city to accommodate foreign enterprises, Park said in an address at a special luncheon meeting [...]

Foreign Investors See Opportunity in Local Bourse

Foreign Investors See Opportunity in Local Bourse

SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]