April 20, 2024
Economy
Foreign investors majority stakeholders in tech industry
[THE INVESTOR] Foreign investors have taken up more than half of the combined market capitalization of tech shares listed on the main bourse, data showed on June 15.
According to the data compiled by the bourse operator Korea Exchange, foreigners took up 228 trillion won (US$202 billion), or 52.01 percent of the combined market capitalization of 439 trillion won posted by tech firms. It marked the highest figure since 52.02 percent reached in September 2004.
While overseas investors’ presence earlier fell to 37.06 percent in 2009, it has been gradually growing ever since.
Market watchers said the growth was apparently led by Samsung Electronics and SK hynix, which have been attracting foreign investment as they become more prominent players in the global tech sector.
Foreigners were also major investors for telecommunication firms, taking up 43.45 percent of their combined market capitalization on the main bourse.
By Alex Lee and newswires (alexlee@heraldcorp.com)
According to the data compiled by the bourse operator Korea Exchange, foreigners took up 228 trillion won (US$202 billion), or 52.01 percent of the combined market capitalization of 439 trillion won posted by tech firms. It marked the highest figure since 52.02 percent reached in September 2004.
While overseas investors’ presence earlier fell to 37.06 percent in 2009, it has been gradually growing ever since.
Market watchers said the growth was apparently led by Samsung Electronics and SK hynix, which have been attracting foreign investment as they become more prominent players in the global tech sector.
Foreigners were also major investors for telecommunication firms, taking up 43.45 percent of their combined market capitalization on the main bourse.
By Alex Lee and newswires (alexlee@heraldcorp.com)
