Samsung's Offshore Holdings Hit 19-Month Low

Samsung Electronics' foreign holdings have dropped to the lowest level in over one and a half year, data showed Thursday.

This drop (lowest in 19 months) comes amid the tech giant's stock buyback and unfavourable external conditions, a Yonhap report says today. Offshore investors owned 50.5 percent of Samsung Electronics shares as of Tuesday, marking the lowest since April 22 last year when the figure came to 50.48 percent, according to data by the Korea Exchange (KRX).

Foreign stock ownership of the top-cap company on the main stock market here has been on the decline since July when it reached the yearly peak of 51.86%. The selling spree is attributable to the company's plan to buy back its own shares to enhance shareholder value, according to market watchers