] South Korean institutional investors injected a record amount of funds into overseas securities this year, the Bank of Korea said Aug. 26.
According to the central bank, South Korean institutional investors’ overseas securities portfolio stood at US$148.6 billion at the end of the first half. The figure was US$12.03 billion, or 8.8 percent, higher than that recorded at the end of the first quarter, and the highest on record.
The BOK said that local insurance companies led the increase in investment in overseas bonds. The combined value of foreign bonds held by insurers came to US$56.23 billion at the end of June, up US$6.5 billion from the first quarter.
By Choi He-suk (firstname.lastname@example.org