Google and Roblox Are Top Foreign Stocks for Korean Investors

If you have kids you probably know what Roblox is and apparently many Korean investors know as well:

Tesla and Apple have long been the most popular foreign stocks for Korean investors — but not anymore.    
   
Between July 1 and July 23, Korean investors purchased a net $86.54 million worth of shares of Alphabet, which owns Google, making it the most popular foreign stock, according to data from the Korea Securities Depository.   
   
The second most popular was Roblox, a California-based online game developer, of which Koreans purchased a net $75.95 million.  
   
The rise of the metaverse drove its popularity. Roblox allows users to develop their own mini-games, share them with others and change the in-game currency, Robux, into real money. The allowing of users to build their own worlds and make real money has made it a hot metaverse platform.  

Joong Ang Ilbo

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