SEOUL, 27th February, 2025 (WAM) -- The Republic of Korea's net overseas financial assets hit a record high to surpass US$1 trillion for the first time ever last year, Yonhap News Agency reported Thursday, citing preliminary data from the Bank of Korea (BOK).
The country's net international investment position came to $1.1 trillion as of end-2024, up $292 billion from a year earlier, the data showed.
It marked the largest amount ever, and Korea became the world's seventh country to report net overseas financial assets worth over $1 trillion.
In detail, the country's external financial assets came to a record high of $2.49 trillion as of end-December, up $166.3 billion from a year earlier, on the back of increased stock investments and investment returns.
The external financial debt, however, fell by $125.7 billion to come to $1.39 trillion.