| S.Korea's overseas investment rises 5.9% in first quarter |
SEOUL, June 14 (Xinhua) -- South Korea's overseas investment rose 5.9 percent in the first quarter of the year from three months earlier on the back of increased holdings of foreign stocks and bonds, South Korea's central bank said on Thursday.
According to the central bank, South Korea's overseas investment reached 475.8 billion U.S. dollars as of the end of March, up 26.5 billion U.S. dollars from the end of last year.
The investment in overseas securities rose by 18.1 billion U.S. dollars, including bonds worth 4.5 billion U.S. dollars, to an outstanding 103 billion U.S. dollars by the end of March, the Bank of Korea said.
South Korea's net international investment posted a shortfall of 209.2 billion U.S. dollars, compared with a 205 billion U.S. dollars deficit three months earlier, due to a 1.7 billion-U.S. dollar current account deficit and a hike in prices of local shares held by foreigners, the bank said.
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