Arab Today, arab today south koreas investment position set to turn positive
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

South Korea's investment position set to turn positive

Arab Today, arab today

Arab Today, arab today South Korea's investment position set to turn positive

South Korea's international investment
Seoul - QNA

South Korea's international investment position may turn positive for the first time in the next one or two years as Asia's fourth-largest economy continues its current account surplus streak, a central bank report showed Monday.
The Korean economy, with a net external debt of $4.3 billion as of end-March, is likely to see its net international investment position (NIIP) shift to the black as its debt size is trending lower following the global financial crisis, according to the report by Bank of Korea economist Lee Jung-yong.
NIIP measures the gap between a country's external financial assets and liabilities, or the difference between the value of a country's overseas assets and the value of domestic assets owned by foreigners.
South Korea's NIIP has remained in negative territory since relevant data began to be tallied in 1994 as the growth in foreigners' assets offset the country's current surplus trend due to a strengthening won and the bullish stock market, according to South Korea's (Yonhap) News Agency.
Between the second quarter of 2009 and 2011, the main stock index KOSPI soared 74.1%, while the won appreciated 27.7%.
The report forecast this trend to make a turnaround in the next few years as the country continues to build up its already-sizeable current surplus.
The export-reliant South Korean economy has been logging a current surplus for 27 months in a row, with annual current surplus projected to hit a record $84 billion this year.
The report also cited growing investment in foreign equities as well as a slowdown in the KOSPI and the won's rise as some factors that may prompt the shift.
The KOSPI fell 4.3% between the third quarter of 2011 and 2013, while the won appreciated 2.1% in the cited period.
Lee, however, noted that the NIIP may remain rangebound in the present level ahead of shifting to the black if the won continues to strengthen rapidly. The local currency recently strengthened to a six-year high, triggering verbal intervention by authorities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas investment position set to turn positive Arab Today, arab today south koreas investment position set to turn positive

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas investment position set to turn positive Arab Today, arab today south koreas investment position set to turn positive

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday