South Korean Stocks See Record Inflow due to AI Investments

In the first quarter of 2024, South Korean shares witnessed a significant surge in foreign investments, mainly attributed to the growing interest in artificial intelligence (AI). The quarterly foreign inflow to South Korean shares amounted to a net $12.2 billion, with overseas investors predominantly favoring chipmakers involved in the global AI supply chain. Notably, Samsung Electronics Co. received $4.1 billion, while SK Hynix Inc. attracted $1.3 billion in foreign investments. This influx contributed to a global rally in AI-related stocks, positioning South Korea as a key player in the AI-driven investment landscape.