S. Korea: Nearly One-Third of Financial Investment Overseas Are in US

Published June 24th, 2020 - 10:00 GMT
S. Korea: Nearly One-Third of Financial Investment Overseas Are in US
As of end-2019, the country's financial investment in the United States came to US$413.1 billion, up $63.1 billion from a year earlier. (Shutterstock)
The United States continued to remain the largest destination for South Korea's overseas financial investment last year, accounting for nearly one-third of the country's financial investment overseas, central bank data showed Tuesday.
 

As of end-2019, the country's financial investment in the United States came to US$413.1 billion, up $63.1 billion from a year earlier, according to preliminary data from the Bank of Korea (BOK), South Korean News Agency (Yonhap) reported.

The increase marks the sharpest rise among all countries and regions, with South Korean financial investment in China, the second-largest single destination for overseas investment, rising $5.3 billion to $141.8 billion over the cited period.

Seoul's financial investment in Japan came to $48.1 billion as of end-December, up $7.8 billion from a year before.

Its investment in Europe added $41.7 billion to $248.1 billion over the cited period, with investment in Southeast Asian countries gaining $9.6 billion to $168.5 billion.

South Korea's overall international financial assets came to $1,290.9 billion as of the end of last year, $148.3 billion more than a year earlier. The amount does not include reserve funds.

The U.S. also topped the list of the largest financial investor in South Korea, with its financial assets here amounting to $317.8 billion as of end-2019, up $17.8 billion from a year earlier, according to the BOK.

China's financial assets in South Korea gained $300 million to $67.7 billion over the cited period, with those of Japan adding $2.5 billion to $92.6 billion.

Financial assets held here by EU member nations came to $306.3 billion, up $22.2 billion from end-2018.

 


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