Seoul moves to allow foreigners to trade S. Korean ETFs directly

South Korea's financial authorities are moving to allow foreign investors to trade domestic exchange-traded funds (ETFs) directly, a measure that could help draw more overseas money into Korean assets amid a record-setting rally in the benchmark KOSPI, sources said Sunday.

The KOSPI has been among the world's best-performing stock indexes this year, rising 82 percent from 4,309.63 on the first trading day of the year to close at 7,847.71 on Friday, driven largely by strong gains in Samsung Elect