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(Yonhap) |
South Korea's overseas financial assets hit a new high in the second quarter, mainly due to increased stock investments, central bank data showed Thursday.
The nation's external financial assets came to $2.07 trillion at the end of June, up $85 billion from a quarter earlier, according to preliminary data from the Bank of Korea.
The net international investment position came to $490.7 billion as of the end of June, up $12 billion from a quarter earlier, the data showed.
The position refers to the difference between Korea's external financial assets and the domestic assets owned by foreigners. It serves as a measure of a country's external solvency.
South Korea's external debt stood at $1.58 trillion as of end-June, $73.1 billion more than a year earlier.
Short-term foreign debt, which matures within one year, rose by $38.3 billion over the cited period, with long-term debt growing by $26 billion.
South Korea's short-term external debt accounted for 29.5 percent of its outstanding external liabilities.
The ratio of short-term foreign debt to foreign reserves stood at 39.2 percent at the end of June, up 2.1 percentage points from a quarter earlier. (Yonhap)
