Growth of foreign investors in S. Korean stock market slows to 10-yr low

2014-01-26 11:02

Growth of foreign investors in S. Korean stock market slows to 10-yr low

The rise in the number of foreign investors in South Korea’s stock market slowed to a 10-year low last year, the financial watchdog said Sunday.
According to the Financial Supervisory Service (FSS), the number of foreign investors in the local market came to 37,611 in 2013, up 5.4 percent from the previous year.
Such a rise marks a continuation of recent increases, but the lowest on-year gain since 2003.
Of all foreign investors here, 26.3 percent, or 9,904, were individual investors with foreign businesses and institutions making up the rest.
Despite a rise in the number of foreign investors, the amount of foreign investment dropped significantly, apparently reflecting the waning popularity of the local market to foreign investors.
Foreign investors purchased some 4.72 trillion won (US$4.37 billion) worth of listed shares in South Korea last year, down 73.2 percent from 17.63 trillion won in 2012, according to the FSS.
As of the end of last year, American investors and firms owned some 171.35 trillion won worth of listed shares here, accounting for 39.6 percent of the total owned by foreign investors.
British firms and investors followed with 42.46 trillion won worth of shares, making up 9.8 percent of the total owned by foreign investors.   (Yonhap)

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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