SEOUL, June 27 (Xinhua) — South Korea’s abroad monetary property marked the primary fall in about 20 years owing to the worldwide stock market rout, central financial institution information confirmed Tuesday.
External monetary property owned by native residents, which exclude overseas reserves, stood at 1,745.6 billion U.S. {dollars} on the finish of 2022, down 16.2 billion {dollars} from a yr earlier, in keeping with the Bank of Korea (BOK).
Amidst the worldwide stock market droop, abroad monetary property posted the primary slide since related information started to be compiled in 2002.
The monetary property embody direct and portfolio investments in addition to investments in monetary derivatives.
Outstanding funding within the U.S. monetary property diminished 1.9 billion {dollars} to 683.3 billion {dollars}, taking over 39.1 p.c of the whole.
The European Union (EU) monetary property holdings dipped 12.6 billion {dollars} to 230.6 billion {dollars}, however funding in Southeast Asian monetary property superior 19.9 billion {dollars} to 244.8 billion {dollars} final yr.
Investment in Japanese monetary property shrank 4.7 billion {dollars} to 48.7 billion {dollars}.
External monetary liabilities, which gauge the overseas funding in native monetary property, amounted to 1,397.4 billion {dollars} on the finish of 2022, down 142.3 billion {dollars} from a yr earlier.
Financial liabilities from the United States tumbled 63.4 billion {dollars} to 324.5 billion {dollars}, and the liabilities from the EU and Southeast Asia declined over 20 billion {dollars} to 228.4 billion {dollars} and 313.2 billion {dollars} respectively.