Foreign investors unload record $30b from Kospi in May

Foreign investors offloaded a record 45 trillion won ($30 billion) worth of Kospi shares in May, marking the largest monthly sell-off on record, as they locked in gains from a sharp rally in the country's top chipmakers, Samsung Electronics and SK hynix.

Overseas investors net sold stocks amounting to 44.71 trillion won on the benchmark Kospi in May, according to data from the Korea Exchange.

The figure marks the largest monthly sell-off, surpassing the previous record of 35.75 trillion won set ...