The US was also the largest financial investor in South Korea.
Nearly one-third of South Korea’s overseas financial investments ended up in the United States last year, reports Yonhap News Agency.
As of end-2019, data from the Bank of Korea showed that the country’s financial investments in the US totalled $413b. This marks the sharpest rise amongst all countries and regions.
The US also topped the list of the largest financial investors in South Korea, with financial assets amounting to $317.8b in 2019.
China, the second largest destination for financial investments, took in $141.8b. Its financial assets in South Korea reached $67.7b last year.
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