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Foreigners scoop up shares of 10 biggest biz groups

All News 13:55 January 13, 2019

SEOUL, Jan. 13 (Yonhap) -- Foreign investors increased their holdings of shares of South Korea's 10 biggest business groups this year amid higher volatility in the financial market, data showed Sunday.

According to the data provided by corporate tracker Chaebul.com, 38.73 percent of the top 10 business groups by asset was owned by foreigners as of Thursday.

The percentage rose 0.18 percentage point from 32.55 percent tallied at the end of 2018.

The combined value of their holdings rose 2.7 percent to 308.6 trillion won (US$276.5 billion) from 300.5 trillion won over the cited period.

Samsung Group, the largest business group in South Korea, was the No. 1 pick of foreign investors, who owned 51.5 percent of shares, worth 207.9 trillion won.

Foreigners held 35.92 percent of Hyundai Motor Group, worth 31.4 trillion won, while foreign ownership in No. 3 SK Group came to 26.4 percent, worth 29.9 trillion won.

Foreigners scoop up shares of 10 biggest biz groups - 1


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