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Foreign Investors Cash in Samsung Shares

Foreign Investors Cash in Samsung Shares
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1/5 of Companies Stock Prices Reach New Highs

July 05, 2021 12:10 The stock price of one in five listed Korean companies rose to new records in the first half of this year as small investors thronged the stock market. According to the Korea Exchange on Sunday, 20.3 percent of Korea s 2,383 listed companies saw their share prices close at record levels between January and June. Among the 920 companies listed on the main Korea Composite Stock Price Index, the prices of 19.1 percent soared to new highs, as did the price of 21 percent of the junior Kosdaq s 1,463 companies. Samsung Electronics, the No. 1 on the KOSPI in terms of market cap, reached a new high in January with W91,000, while No. 6 LG Chem reached a record in February with W102,800, No. 3 Kakao in June with W163,000 and No. 4 Naver in June with W423,500 (US$1=W1,135).

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