You can buy LG stock, or consider alternatives
— -- Q: I want to buy some stock in LG Electronics in Korea. How do I do it?
A: LG Electronics is a giant worldwide maker of everything from mobile phones to TVs to washing machines and computer products. And you can invest in it, sort of.
As you mentioned, LG Electronics is a Korean company. It is a unit of Korea's giant conglomerate LG Group. LG Group has units that deal in chemicals, telecommunications and electronics.
You can invest in foreign companies on their local stock exchange if your broker is set up to handle it. You can read more about LG Corp. here, and the process of investing in foreign companies here.
But remember, if you buy LG Group, you're buying into other pieces of the business, not just electronics. You can also buy into LG Electronics on the Korean market.
Matt Krantz is a financial markets reporter at USA TODAY and author of Investing Online for Dummies. He answers a different reader question every weekday in his Ask Matt column at money.usatoday.com. To submit a question, e-mail Matt at mkrantz@usatoday.com. Click here to see previous Ask Matt columns.
