LG, Hyundai agreed to share the cost for battery replacements of recalled Kona, Ioniq over fire risk
S. Korean's stockholdings in Tesla reach $7.8 billion
South Korean investors have collectively acquired $7.8 billion worth of Tesla stocks at the end of 2020, accounting for 16.6 percent of the entire $47 billion foreign currency-denominated stock holdings of Korean individuals and corporations.
Consequently, Tesla, which was not among the top 10 foreign stocks owned by South Koreans in 2019, became the country’s most-owned foreign stock in 2020.
According to data from the Korea Securities Depository (KSD), South Korean's also owned $3 billion shares of Apple, $2 billion stocks of Amazon, $1.1 billion of Nvidia, and $1 billion of Microsoft.
The KSD data also showed that foreign stock holdings of South Koreans soared more than threefold through 2020.
US stocks accounted for almost 80 percent of South Korean's total foreign stock holdings in end-2020, and their volume multiplied four times on-year.