foreign securities-2023 tally

Institutions' foreign securities holdings rise in 2023

SEOUL, Feb. 28 (Yonhap) -- South Korean institutions' investment in foreign securities increased last year as they boosted investments in overseas stocks amid robust earnings from an artificial intelligence and chip-related stock rally and the U.S. economy's sound growth, central bank data showed Wednesday.

The outstanding value of foreign securities held by local institutional investors stood at US$387.76 billion as of end-December, up $22.47 billion from a year ago, according to the data from the Bank of Korea.

The on-year growth is attributed to a rise in the value of foreign stocks held by them in major markets.

Foreign securities include stocks, bonds and "Korean paper," which refers to foreign currency-denominated securities issued by the South Korean government, banks and companies in overseas markets.

Local institutions' investment in foreign stocks surged $23.76 billion on-year to $196.93 billion, while the value of their foreign bond holdings contracted $1.24 billion to $162.6 billion over the cited period, the data showed.



sam@yna.co.kr

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