Industry data released on Thursday revealed that Samsung Electronics Co., Ltd. is the most gifted stock among Korean retail investors this year.
According to an analysis by local brokerage KB Securities, Samsung Electronics topped the list in terms of transaction frequency through the firm's stock gifting service.
In domestic stock gift transactions in Korea, Samsung Electronics accounted for 9%, followed by shares of LG CNS, the IT subsidiary of LG Electronics, and Samsung Electronics' preferred stock.
Combined, Samsung Electronics and its preferred stock made up over 10% of Korea's total stock gift transactions this year.
Industry experts attribute the trend to the strong rally in U.S. tech stocks, which has boosted Korean semiconductor shares—particularly Samsung Electronics. Compared to other major semiconductor stocks, its relatively lower share price makes it more accessible for gifting purposes.
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