Korea’s net overseas financial assets surpass $1 tril. for 1st time in 2024.

Korea’s net overseas financial assets hit a record high to surpass $1 trillion for the first time ever last year, central bank data showed Thursday. The country’s net international investment position came to $1.1 trillion as of end-2024, up $292 billion from a year earlier, according to preliminary data from the Bank of Korea (BOK).

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, the data showed.

Source: KOREATIMES