May 23, 2023 – In a significant milestone for Samsung, the latest data disclosed by the Korean Exchange reveals that as of May 19, 2023, foreign ownership of Samsung Electronics has rebounded to 52.08%, reaching levels last seen on March 4, 2022.
According to the disclosed information, foreign investors had been fervently selling off Samsung Electronics since June 17 last year, reaching a nadir of 49.24% on September 29. This marked the first time in six years that foreign ownership fell below the 50% threshold.
However, a change in fortunes has occurred since the beginning of this year, as foreign investors began purchasing substantial amounts of Samsung Electronics stocks. They have invested a staggering $6.93 billion (approximately RMB 487.87 billion) in the company, and this trend has only become more pronounced. In the month of May alone, foreign investors have accumulated investments totaling KRW 1.29 trillion (approximately RMB 68.89 billion).
The resurgence of foreign investor interest can be primarily attributed to the improving oversupply situation in the memory market since the third quarter of last year. With the market demand on the rise, Samsung Electronics has shown signs of a turnaround, prompting foreign investors to reevaluate their positions and reinvest in the company.
