Seoul, Feb 22 (IANS) Foreign investors have posted a net sale of around 9 trillion won ($6.2 billion) on the main bourse this year through last week, data showed on Sunday.Overseas investors have sold a net 9.1 trillion won worth of shares on the main bourse in 2026 as of Friday, compared with a net sale of 4.6 trillion won for all of 2025, according to the Korea Exchange (KRX).In detail, foreigners sold a net 9.5 trillion won worth of shares in Samsung Electronics Co., with the stock soaring 59…
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Seoul, Feb 12 (IANS) Foreign investors turned into net sellers of South Korean equities in January, driven by profit-taking following recent gains in the benchmark index, central bank data showed on Thursday.Offshore investors sold a net US$50 million worth of local stocks last month, reversing from their net purchase of $1.19 billion in December, according to the data from the Bank of Korea (BOK).Foreign investors, meanwhile, bought $2.44 billion worth of bonds in January, resulting in a combin…
Seoul, Feb 11 (IANS) South Korea’s exports jumped 44.4 per cent from a year earlier in the first 10 days of February, driven by strong demand for semiconductors, data showed on Wednesday.Outbound shipments reached US$21.39 billion in the Feb. 1-10 period, compared with $14.81 billion tallied a year earlier, according to the data from the Korea Customs Service, reports Yonhap news agency.Imports went up 21.1 percent on-year to $20.74 billion during the period, resulting in a trade surplus of $64 …
Seoul, Feb 10 (IANS) Unexecuted spending in South Korea’s annual budget totalled 5.4 trillion won ($3.7 billion) last year, the smallest amount in four years, the finance ministry said on Tuesday.Excluding internal transactions, the “practical unexecuted” amount came to 5.4 trillion won in 2025, according to the Ministry of Economy and Finance. The figure is down 3.9 trillion won from 9.3 trillion won the previous year and is the lowest since 2021, when it totalled 5.2 trillion won.The ministry …
Seoul, Jan 20 (IANS) The market capitalisation of Hyundai Motor on Tuesday touched above the 100 trillion-won ($67.7 billion) level for the first time on Tuesday, backed by growing investor optimism over its robotics and autonomous driving initiatives, industry watchers said.The share price of Hyundai Motor rose as high as 496,500 won in early trading, briefly lifting the company’s market capitalization to more than 101.66 trillion won, reports Yonhap news agency.The gains, however, were reverse…
Seoul, Jan 8 (IANS) Excess funds held by South Korean households rose in the third quarter, driven mainly by an increase in income and tightened lending regulations, the central bank said on Thursday.Net financial funds — the difference between financial assets and financial liabilities — held by households and nonprofit organizations reached 58 trillion won (US$40 billion) in the third quarter, up from 51.3 trillion won in the previous quarter, according to preliminary data from the Bank of K…
Seoul, Jan 7 (IANS) Seoul shares extended their rally to a fourth day to set a fresh record high on a tech and auto rally on Wednesday after briefly landing above the 4,600-point level. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.58 points, or 0.57 percent, to close at an all-time high of 4,551.06, reports Yonhap news agency.The index briefly topped the 4,600-point mark, touch an intraday high of 4,611.72.On Tuesday, the KOSPI broke t…
Seoul, Jan 4 (IANS) Foreign ownership as a share of total market capitalisation reached its highest level in five years and eight months in December amid a rally in the South Korean equity market, a report showed on Sunday.Foreigners bought a net 3.5 trillion won (US$2.4 billion) worth of local shares in December, raising their stockholdings to 32.9 percent of total market capitalsation, the highest level since April 2020, according to a report published by the Korea Center for International Fin…
Seoul, Dec 30 (IANS) Foreign currency deposits in South Korea rose for the first time in three months in November, central bank data showed on Tuesday.Outstanding foreign currency-denominated deposits held by residents stood at US$103.55 billion as of end-November, up $1.71 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.The total had reached the highest level in 31 months in August but declined over the following two months, mainly du…
Seoul, Dec 28 (IANS) Experts on Sunday viewed the 1,420 level as an annual average for the won against the U.S. dollar, as financial authorities stepped up verbal intervention to arrest the won’s slide.The Korean won closed at 1,440.3 won against the US dollar on Friday, marking the lowest level since Nov. 4, according to data from Seoul Money Brokerage Services, reports Yonhap news agency.With financial authorities stepping up verbal intervention to curb the won’s weakness, the won rose sharply…