SEOUL, June 26 (Yonhap) — South Korea’s financial assets in the United States reached a record high last year, aided by increased exposure to the U.S stock market and a continued rally on Wall Street, a central bank report showed Thursday.
According to the report by the Bank of Korea (BOK), the outstanding value of financial assets in the U.S. held by South Korean individuals and companies reached US$962.6 billion at the end of last year, up $158.1 billion from a year before.
The 2024 reading marks the largest-ever amount since related data began to be compiled in 2002.
The amount also accounted for the largest share of overall overseas financial assets at 45.9 percent, according to the BOK.
The BOK said the record financial assets in the U.S. came as South Korean individuals sharply increased their exposures to the U.S. stock market and South Korean companies spent heavily on plants and other facilities in the world’s largest economy.
The central bank said Koreans’ investments in U.S stocks increased by the sharpest-ever of $121.7 billion in 2024.
sam@yna.co.kr
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