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Foreigners Turn to Net Buyers of Samsung Electronics This Month

Foreigners Turn to Net Buyers of Samsung Electronics This Month

SEOUL, July 22 (Korea Bizwire) — Foreign investors have turned to net buyers of top-cap Samsung Electronics Co. this month following months of massive selling, data showed Wednesday. Offshore investors’ net purchase of Samsung shares stood at 1.07 trillion won (US$900 million) in the first 21 days of July, making the tech giant their most-bought [...]

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 [...]