Are you looking to invest in Samsung, one of the world’s leading technology giants? Known for its innovation in smartphones, electronics, and semiconductors, Samsung is a popular stock among investors worldwide. If you’re using Robinhood, however, you might be wondering: Can I buy Samsung stock on Robinhood?
The answer is a bit nuanced. While you can’t directly purchase Samsung’s native stock on Robinhood, there are several smart alternatives that allow you to gain exposure to the company.
Can You Directly Buy Samsung Stock on Robinhood?
Unfortunately, Robinhood does not support international stock markets like the Korea Exchange (KRX), where Samsung Electronics Co., Ltd. is listed under the ticker 005930.KS. This means you can’t buy Samsung stock directly on the platform.
However, U.S. investors can still indirectly invest in Samsung through alternative investment vehicles such as exchange-traded funds (ETFs) and OTC (Over-the-Counter) stocks.
3 Alternatives to Buy Samsung Exposure on Robinhood
1. Samsung OTC Stock (SSNLF)
Samsung is available as an OTC stock in the U.S. under the ticker SSNLF. While this allows investors to own shares in Samsung, it’s worth noting that Robinhood does not currently support OTC stocks. You would need to use another brokerage like Fidelity, Charles Schwab, or Interactive Brokers to purchase SSNLF.
2. Buy ETFs That Include Samsung Stock
This is the easiest and most accessible way to gain exposure to Samsung using Robinhood. Many ETFs that are available on the platform include Samsung among their top holdings. Here are a few:
- iShares MSCI South Korea ETF (EWY): This ETF heavily features Samsung, making it one of the best ways to invest indirectly.
- Franklin FTSE South Korea ETF (FLKR): A low-cost ETF offering diversified exposure to South Korean markets, including Samsung.
- iShares Asia 50 ETF (AIA): Includes Samsung alongside other top Asian tech companies.
These ETFs provide a simple and diversified way to invest in Samsung while staying within the Robinhood ecosystem.
3. Indirect Exposure Through U.S. Tech ETFs
Some U.S.-based ETFs and funds may include companies that supply components to Samsung or operate within its value chain. While not a direct investment in Samsung itself, this approach can still benefit from Samsung’s market performance.
Why Consider Investing in Samsung?
Samsung is a global leader in several high-growth industries:
- Smartphones and mobile technology
- Semiconductors and memory chips
- Display technologies and consumer electronics
- 5G infrastructure and IoT development
Its strong financials, massive R&D investments, and market dominance make Samsung a potentially solid long-term play for tech-focused investors.
By investing through ETFs or other instruments, you benefit from:
- Diversification of assets
- Lower risk compared to individual stock ownership
- Ease of access on U.S. trading platforms
Overall
While you can’t directly buy Samsung stock on Robinhood, you can still access it through smart alternatives like South Korea-focused ETFs. This approach offers an easy and effective way to add Samsung exposure to your portfolio without dealing with international exchanges or special trading permissions.
If you’re determined to own Samsung shares outright, consider using a broker that supports OTC or global trading, like Fidelity or Interactive Brokers.
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