April 23, 2024

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[THE INVESTOR] The amount of foreign securities held by major South Korean institutions grew in the third quarter on-year, the central bank data showed on Nov. 25.

As of end-September, the value of foreign securities held by South Korea’s institutional investors came to US$167.8 billion, up 51 percent from US$111.2 billion a year earlier, according to data compiled by the Bank of Korea.

Quarter-on-quarter, the value of foreign securities held by South Korea’s institutional investors rose 12.8 percent from US$148.79 billion, it said.

Outstanding overseas bonds held by local institutions came to $81.44 billion at the end of September, compared with US$44.65 billion in the same period last year.

The amount of foreign stocks held by South Korean institutions jumped to US$46.65 billion from US$35.82 billion during the cited period.

Foreign securities are composed of overseas stocks and bonds as well as Korean papers.

Investment in Korean papers by local institutions came to US$39.77 billion at the end of September, up from US$30.76 billion in the same period last year.

By investor, foreign securities held by local asset management firms came to US$77.63 billion, compared with US$55.1 billion a year earlier. Meanwhile, foreign securities held by local securities companies came to US$11.14 billion at the end of September, compared with US$7.6 billion a year earlier.

(theinvestor@heraldcorp.com)