Foreign investors’ domestic stock sales last month 4 trillion won in net sales… KB launches a savings account exclusively for foreign nationals (5.5%)
Foreign investors’ net sales of domestic stocks last month totaled 4 trillion won, marking 4 consecutive months of selling. During the same period, the number of homes owned by foreign nationals rose to 108,000, up 1 over 8 years. KB Kookmin Bank successively launched a savings account exclusively for foreign nationals (up to 5.5% annual interest) and a POS financial platform.
According to data compiled by the Financial Supervisory Service, foreign investors recorded net sales of domestic stocks totaling 4 trillion won last month. This extended the net-selling streak to 4 consecutive months. The figures 4 reflect investment trends for the month.
The report also noted that the previous month saw large-scale net sales in the range of 43 trillion won. The latest net sales were smaller than the previous month’s level, according to the compilation. The same criteria were used.
During the same period, foreign investors switched to net buying in bonds. Inflows into bonds were observed. The compilation is based on trends for 4 month.
KB Kookmin Bank 5month 29day, launched a savings deposit exclusively for foreign nationals. The deposit offers an annual interest rate of up to 5.5 percent. The product is intended for foreign customers.
KB Kookmin Bank 5month 28day, also entered the POS financial platform market. The platform provides financial services linked to payments for merchants. Details of the services are subject to the bank’s announcement.
The number of homes owned by foreign residents in Korea totaled 108,000 households, according to the statistics. This figure is 1 higher than 8 years earlier. The related tally is based on real estate ownership statistics.
Meanwhile, there have been cases in which an index reached a record high during certain periods despite net selling by foreign investors. Recently, a trend of foreign investors reducing the scale of their selling has also been observed. The above facts synthesize statistics compiled by the respective institutions and announcements by the bank.