[Monitor] Foreign ownership of stocks hit record high

Driven by high corporate earnings and expectations of a global economic recovery, foreign ownership of Korean stocks reached over 602 trillion won as of Tuesday, hitting a record high, according to Koscom, the systems manager of Korea Exchange.

It accounts for 34.04 percent of the total market cap of listed stocks, marking the first time for the figure to surpass 34 percent since June 20 of 2007.