The Korea Times
Korea's financial authorities are moving to allow foreign investors to trade domestic exchange-traded funds (ETFs) directly, a measure that could help draw more overseas money into Korean assets amid a record-setting rally in the benchmark KOSPI, sources said Sunday. The KOSPI has been among the world's best-performing stock indexes this year, rising 82 percent from 4,309.63 on the first trading day of the year to close at 7,847.71 on Friday, driven largely by strong gains in Samsung Electronics and SK hynix amid the global artificial intelligence boom. According to the sources, the Financial Services Commission (FSC) is currently seeking revisions to investment business regulations to allow foreigners to invest directly in local ETFs and plans to issue a prior notice next month. An ETF is an investment fund traded on a stock exchange that holds a basket of stocks, commodities and bonds, and tracking an index. "If we open more doors for foreigners to enter the Korean financial market, demand for Korean assets will rise, bringing more U.S. dollars into the country," a financial authority
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