(From the Korea Times)
The amount of foreign securities possessed by Korean institutional investors stood at $125.3 billion at the end of 2015, up $27.3 billion from a year earlier, Bank of Korea (BOK) data showed Thursday.
According to the data, the value has increased for four consecutive years and the 2015 surge, up 27.9 percent from 2014, was the steepest since 2007 when the amount increased $61.1 billion after the government first launched a policy aimed at invigorating foreign investment.
Foreign securities include overseas bonds, stocks, Korean paper, meaning shares and bonds denominated in foreign currency issued by the Korean government, and companies in overseas markets.
The 2015 surge was led by a jump in overseas securities held by insurance companies.
The amount of foreign securities held by insurers here stood at $57.8 billion at the end of 2015, up $16 billion from 41.7 billion a year earlier. It accounted for some 58.7 percent of the overall surge in 2015. Read more