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April 27, 2024

Korean investment in overseas securities up 41%

PUBLISHED : August 30, 2017 - 14:06

UPDATED : August 30, 2017 - 14:06

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[THE INVESTOR] The amount of foreign securities held by major Korean institutions rose 41.4 percent in the second quarter from a year earlier, central bank data showed on Aug. 30.

As of the end of June, the value of foreign securities held by institutional investors came to US$210.1 billion, compared with US$148.52 billion from the same period last year, according to data compiled by the Bank of Korea.

Quarter-on-quarter, the value of foreign securities held by institutional investors rose 8.9 percent, it said.

The amount of foreign bonds and stocks held by the institutions came to US$109.38 billion and US$58.12 billion, respectively, in the second quarter, up from US$98.48 billion and US$52.51 billion from a quarter earlier, respectively.

Foreign securities include overseas stocks and bonds as well as Korean papers and foreign currency-denominated securities issued by the local government, banks and companies in overseas markets.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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