April 19, 2024
Economy
Korean institutions buy more overseas securities
[THE INVESTOR] South Korean institutions’ investment in overseas securities jumped 43 percent on-year in 2016, central bank data showed on Feb. 28.
According to the Bank of Korea, the amount of stocks and bonds held by local institutional investors came to US$173.7 billion as of the end of last year, up US$52.2 billion from a year earlier.
Insurers and asset management companies raised their investment in foreign securities by US$22.4 billion and US$19.6 billion won, respectively. Investment by foreign exchange banks and securities firms climbed at a relatively small amount.
In addition, the country’s institutions bought a net US$37 billion of foreign bonds and a net US$6.9 billion of equities.
The purchase of the so-called Korean Paper also added US$8.3 billion. Korean Paper refers to foreign currency-denominated securities sold abroad by South Korean entities like the government, financial institutions and companies.
(theinvestor@heraldcorp.com)
According to the Bank of Korea, the amount of stocks and bonds held by local institutional investors came to US$173.7 billion as of the end of last year, up US$52.2 billion from a year earlier.
Insurers and asset management companies raised their investment in foreign securities by US$22.4 billion and US$19.6 billion won, respectively. Investment by foreign exchange banks and securities firms climbed at a relatively small amount.
In addition, the country’s institutions bought a net US$37 billion of foreign bonds and a net US$6.9 billion of equities.
The purchase of the so-called Korean Paper also added US$8.3 billion. Korean Paper refers to foreign currency-denominated securities sold abroad by South Korean entities like the government, financial institutions and companies.
(theinvestor@heraldcorp.com)
