Foreign ownership in South Korea's top 10 conglomerates dropped 27 percent by the end of last month compared to last December, posting 103.4 trillion won (102.1 billion U.S. dollars), Korea Times reported Monday.
GS, an energy and retail giant, saw its foreign shareholdings drop the greatest among the top 10 businesses invested by the foreign investors.
As of the end of August foreign ownership in GS declined by 6.25 percentage points to 28.24 percent, according to the Korea Times.
Foreign shareholdings of Samsung, the No. 1 conglomerate, accounted for 38.64 percent, falling 2.16 percentage points, the newspaper said.
However, Samsung still remains as the biggest foreign ownership.
Of the top 10 businesses, only foreign ownership in Hanjin, a logistics giant, increased from the end of last year.
Foreign shareholdings of Hanjin gained 0.06 percentage points to 19.34 percent, Korea Times said.
Overall, foreign ownership in top 10 businesses accounted for 31 percent of the market capitalization, compared with 33 percent in last year, according to Korea Times.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article