Foreign investors optimism increase, purchasing stocks in S-Korea

(MENAFN) Foreign investors resumed buying South Korean stocks in May for the first time in ten months, driven by optimism surrounding the recent change in government, according to data from the country's financial regulator.

Reports from the Financial Supervisory Service (FSS) indicated that overseas investors made net purchases totaling 2.01 trillion won (approximately 1.5 billion US dollars) in locally listed shares during May.

This marks a significant shift, with foreign investors turning into net buyers in both the main KOSPI index and the smaller KOSDAQ market, reflecting renewed confidence in the country's political and economic outlook.

The buying spree followed expectations of increased political stability after President Lee Jae-myung officially assumed office on June 4. His inauguration came after a snap election triggered by the removal of the previous president, who was ousted in December over a failed attempt to impose martial law.

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