Wed, 28 Jul 2021

SEOUL, June 23 (Xinhua) -- South Korea's overseas financial assets hit a record high last year as individual investors increased investment in foreign stocks, central bank data showed Wednesday.

The overseas financial assets, held by domestic investors, reached a new high of 1.52 trillion U.S. dollars at the end of 2020, up 207.2 billion dollars from a year earlier, according to the Bank of Korea (BOK). The reading excludes the country's foreign currency reserves.

The increase was attributable to retail investment in foreign stocks, especially U.S. stocks.

The investment in U.S. financial assets touched a fresh high of 534.5 billion dollars at the end of last year, up 114.8 billion dollars from a year earlier. It accounted for 35.2 percent of the total.

It was followed by investments in the European Union (EU) and Southeast Asian nations that amounted to 291.9 billion dollars and 201.5 billion dollars respectively.

The investment in Chinese financial assets expanded 16.7 billion dollars to 155.5 billion dollars last year.

Overseas financial assets, held in the U.S. dollar, came in at 861.4 billion dollars, or 56.7 percent of the total.

Those in the European single currency and the Chinese yuan stood at 161.5 billion dollars and 110.4 billion dollars respectively.

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