Korea’s international investment position set to turn positive
Published : 2014-07-14 21:00
Updated : 2014-07-14 21:00
South Korea’s international investment position may turn positive for the first time in the next one or two years as Asia’s fourth-largest economy continues its current account surplus streak, a central bank report showed Monday.
The Korean economy, with a net external debt of $4.3 billion as of end-March, is likely to see its net international investment position shift to the black as its debt size is trending lower following the global financial crisis, according to the report by Bank of Korea economist Lee Jung-yong.
NIIP measures the gap between a country’s external financial assets and liabilities, or the difference between the value of a country’s overseas assets and the value of domestic assets owned by foreigners. (Yonhap)