Shareholders from 90 Countries Trade Samsung Shares
23 March, 2021
Shareholders from 90 countries trade Samsung Consumer electronics shares amid the latest global inventory frenzy, up from 64 countries in 2019.
The globalization trend is not limited to Samsung. SK Hynix provides buyers from 76 countries, Hyundai from 66 countries and Naver and LG Chem from 65 countries.
In line with the Korea Exchange in Sunday, Britons had been the biggest buyers in Samsung shares by trading 490 million shares this past year, followed by Us citizens (180 million shares) and Singaporeans (130 million shares).
Holders of mysterious Cayman Islands passports traded 67 million shares, followed by Swiss (75 million shares) and Hong Kong nationals (68 million shares). The Cayman Islands is a tax haven with hardly any native inhabitants.
Japanese traded 34 million and Chinese 14 million.
Even Afghans traded 4,246 shares, Iraqis 35 and Tajiks three.
But the collateral stake in Samsung held by foreigners actually declined from 56.8 percent in late 2019 to 55.7 percent last year as small investors flocked to the bourse while institutions took profits. Samsung's talk about price soared 45 percent to W81,000, but it is certainly uncertain how extended the bonanza can last.
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