Korea's overseas financial assets hit record high in Q3: BOK

Korea's overseas financial assets reached a fresh high in the third quarter, driven by increased stock investments and investment returns, central bank data showed Wednesday. The country's external financial assets stood at $2.79 trillion as of end-September, up $115.8 billion from three months earlier, according to preliminary data from the Bank of Korea (BOK). It marks the largest amount ever, though the pace of its growth slowed from the second quarter's increase of $165.1 billion. Of external financial assets, residents' securities investments rose by $89 billion on-quarter to reach a new high of $1.21 trillion as of end-September. Direct investment also hit the highest-ever amount of $813.5 billion, increasing $8.7 billion from three months earlier. As the increase in the external financial assets outpaced that of external financial liabilities, the country's net international investment position rose by $25.8 billion on-quarter to reach $1.06 trillion. It marked the first increase following three consecutive quarters of decline, the data showed. "Overseas investments increased amid aWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times