Outstanding investment in foreign securities by local financial institutions reached a fresh high of 402.72 billion U.S. dollars at the end of December in 2021, up 29.97 billion dollars from a year earlier, according to the Bank of Korea (BOK).
The institutional holdings of foreign stocks jumped 36.91 billion dollars from a year earlier to 180.64 billion dollars at the end of December.
Major stock indices in the United States and Europe advanced in double figures last year amid the global economic recovery from the COVID-19 pandemic.
The ownership of foreign bonds fell 1.43 billion dollars to 185.52 billion dollars as central banks in major economies indicated the tightening of monetary policy on higher inflationary pressure.
The institutional holdings of Korean Paper, which refers to the foreign currency-denominated bonds issued overseas by local institutions or companies, retreated 5.51 billion dollars to 36.56 billion dollars last year.
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