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Korean investment in overseas securities jumped nearly 28 pct in 2015

All News 06:00 March 03, 2016

SEOUL, March 3 (Yonhap) -- The amount of foreign securities held by South Korean institutional investors jumped nearly 28 percent from a year earlier in 2015, central bank data showed Thursday.

As of the end of 2015, the value of foreign securities held by local institutional investors came to US$125.3 billion, up 27.9 percent from a year earlier, according to preliminary data from the Bank of Korea (BOK).

The tally also marks a 9 percent rise from a revised $114.96 billion three months earlier.

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.

The on-year surge was largely attributed to a spike in overseas bonds held by the country's institutional investors that include asset management, security and insurance firms.

As of end-December, the total value of overseas bonds held by local institutions came to $52.37 billion, up 49.7 percent from $34.97 billion at end-2014.

"The rise in demand for overseas bonds and Korean papers far outpaced that for foreign securities, which gained $4.4 billion from a year earlier," the BOK said.

The amount of local institutions' investment in Korean papers spiked 19.1 percent on-year to $34.35 billion, while the value of foreign stocks held by the institutions gained 13 percent to $38.58 billion.


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