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Foreign capital inflow into S. Korea hits 5-year high in 2017

All News 14:32 January 10, 2018

SEOUL, Jan. 10 (Yonhap) -- The inflow of foreign capital to South Korea's equity market rose to the highest level in five years in 2017 as robust exports by Asia's fourth-largest economy bolstered investor sentiment, the central bank said Wednesday.

Foreign investors bought US$19.5 billion worth of Korean stocks and bonds last year, nearly nine times greater than the $2.17 billion total for 2016, the Bank of Korea (BOK) said.

The stock and bond markets attracted $11.45 billion and $8.05 billion, respectively.

South Korea received the net flow of capital last year except in August and September amid rising tension with North Korea and in December when foreigners tried to lock in profits before the year's end, the BOK said.

"The foreign capital inflow was helped by positive investor sentiment across the global financial market and recovery in the South Korean economy," the central bank said.

ejkim@yna.co.kr
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