UK, German investors lead purchase of Korean stocks in July

[THE INVESTOR] UK and German investors led the inflow of overseas funds into the South Korean securities market in July, the Financial Supervisory Service’s data showed Aug. 8.

According to the FSS, foreign investors’ transactions in the Korean market came to a net purchase of 4.11 trillion won (US$3.68 billion) in July. Of the total, UK investors injected 784.8 billion won, pushing up the value of Korean stocks held by UK investors to 37.58 trillion won. The value of Korean stocks purchased by German investors came to 778.6 billion won.

Investors based in Luxembourg, US and the Cayman Islands also purchased more Korean assets in July at 747 billion won, 732 billion won and 489 billion won, respectively.

In contrast, French and Canadian investors, respectively, shed 197.4 billion won and 109.2 billion won worth of Korean securities.

By Choi He-suk (cheesuk@heraldcorp.com)