Foreigners invest heavily in South Korean chipmakers, expect big boom

Seoul: Share prices in South Korean chipmakers Samsung and SK hynix are expected to rise further as investors bet on a recovery in the memory chip market next year, analysts here have said.

The two largest chipmakers — Samsung Electronics and SK hynix — have been skyrocketing in recent weeks with foreigners’ buying spree.

SK hynix continued its rally on Tuesday after touching a nine-month high on the previous day. It climbed 0.1 percent to 98,100 won (US$88), extending its winning streak to six straight days.