[KOREAN ECONOMIC NEWS] Good morning everyone I am  Rumi Dhar from Kama Group.
Here I have important KOREAN economic news to share with you which is as mentioned
below.

South Korea’s net international investment position (NIIP) increased in the first quarter
on the country’s record-high direct investment abroad driven by a recovery in global stock
markets, according to data released by the country's central bank on Wednesday.

But an uptick in short-term debt, coupled with a fall in foreign direct investment in Korea,
has raised concerns about the country’s fiscal soundness.

The outstanding amount of Korea’s investment in foreign assets reached $2.2 trillion in the
first quarter ending in March this year, up $31.7 billion from the previous quarter, according
to preliminary data released by the Bank of Korea (BOK).

The outstanding balance of Korea’s direct investment and portfolio investment jumped
by $16.2 billion to the largest-ever $663.7 billion and by $36.7 billion to $776.6 billion,
respectively, on the recovery in global stock markets.  

The outstanding amount of foreign investment in Korea as of the end of the first quarter
also added $30.0 billion on-quarter to $1.4 trillion, but offshore investors’ direct investment
dropped by $1.9 billion, stoking concerns that Korea may be losing its appeal to foreign
investors amid growing uncertainties over its export-reliant economy.



Read more at: https://www.kedglobal.com/economy/newsView/ked202305240016
KAMA GROUP
New Delhi
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