SEOUL: 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 shows.
Foreigners bought a net 3.5 trillion won of US$2.4bil worth of local shares in December, raising their stockholdings to 32.9% of total market capitalisation, the highest level since April 2020, according to a report published by the Korea Centre for International Finance (KCIF).
