Koreans overseas stock investments reach all-time high
Posted : 2021-03-02 09:53
By Anna J. Park
Koreans investing overseas set another monthly record in February, according to data compiled by the Korea Securities Depository, which showed that stock transactions by local investors reached $49.7 billion.
This was a 35.1 percent hike from the previous month, and also the highest monthly total recorded in the 10 years since the KSD began compiling data. The previous monthly high was set in January, following an upward trend in Koreans investing overseas that began last October.
When it comes to the number of net-purchases, however, February saw a 38 percent decrease month-on-month, meaning the record had more to do with increased net-selling amid last month s global market corrections.