Foreign investors dump record W47tr in Korean stocks in May

Foreign investors dumped a record 47 trillion won ($30.6 billion) of South Korean stocks in May, yet their market ownership climbed to an all-time high as the Kospi rally lifted the value of their remaining holdings.

According to the Financial Supervisory Service on Friday, foreign investors sold a net 49 trillion won on the Kospi while buying a net 2 trillion won on the Kosdaq, according to the regulator's monthly foreign securities investment report.

Net selling over the first five months of t ...