Sundae Foreign Finance Production 'Maximum' in Q3 due to Seohak Ant Fever

As more domestic investors invest in U.S. stocks, the net foreign loan balance hit an all-time high.

According to the Bank of Korea's international investment sheet released today (20th), net foreign financial assets minus liabilities were $977.8 billion as of the end of the third quarter of this year.

The balance rose by $119.4 billion from the end of the second quarter, exceeding $900 billion for the first time ever, to an all-time high.

Foreign financial assets were $2.513 trillion, up $22.7 billion from the second quarter, and foreign financial liabilities were slightly reduced to $1.5357 trillion.

The Bank of Korea explained that net foreign loan assets increased as overseas stock and bond purchases increased and securities valuations increased.