Seoul: Korean institutions' investment in foreign securities rose 8.1 percent in the second quarter from a quarter earlier, central bank data showed Friday. The outstanding value of foreign securities held by local institutional investors stood at US$465.53 billion as of end-June, up by $34.76 billion from three months earlier, according to the data from the Bank of Korea (BOK).
According to Emirates News Agency, foreign securities include stocks, bonds, and "Korean paper," which refers to foreign currency-denominated securities issued by the Korean government, banks, and companies in overseas markets. Institutions' investment in foreign stocks advanced $24.29 billion on-quarter, and the value of their foreign bond holdings also climbed by $9.19 billion, reported Yonhap News Agency.