April 27, 2024

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[THE INVESTOR] The amount of foreign securities held by major Korean institutions rose 33.5 percent in the third quarter from a year earlier, central bank data showed on Nov. 28.

As of end-September, the value of foreign securities held by institutional investors came to US$224.26 billion, compared with $167.88 billion in the same period last year, according to data compiled by the Bank of Korea.

The value of foreign securities held by institutional investors rose 6.4 percent on-quarter, it said.

The amount of foreign bonds and stocks held by institutions came to US$119.18 billion and US$62.24 billion, respectively, in the third quarter, up from US$81.25 billion for the former and US$46.66 billion for the latter compared to a year earlier.

Investment in Korean papers by local institutions came to US$42.84 billion in the third quarter, up from $39.97 billion a year earlier.

By investor, foreign securities held by local asset management firms came to US$112.17 billion in the third quarter, compared with US$77.65 billion the previous year, while those held by local insurance firms came to US$76.58 billion in the third quarter, up from US$61.28 billion over the same period.

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