South Korean stocks traded slightly higher Thursday morning, recouping earlier losses, on the back of foreign buying.

The benchmark Korea Composite Stock Price Index rose 2.98 points, or 0.12 percent, to 2,485.89 as of 11:15 a.m.


Market kingpin Samsung Electronics was 1.35 percent down, and SK hynix, a major chipmaker, dipped 0.49 percent.

In contrast, Naver, the country's top Internet portal operator, advanced 0.98 percent, and Hyundai Motor, the No. 1 automaker, surged 1.33 percent.

No.1 steelmaker POSCO also traded 1.34 percent higher.

The local currency was trading at 1,131.85 won against the US dollar, down 1.95 won from the previous session's close. (Yonhap)