Seoul: The Republic of Korea's net overseas financial assets hit a record high to surpass US$1 trillion for the first time ever last year, Yonhap News Agency reported Thursday, citing preliminary data from the Bank of Korea (BOK).

According to Emirates News Agency, the country's net international investment position came to $1.1 trillion as of end-2024, up $292 billion from a year earlier, the data showed. Korea became the world's seventh country to report net overseas financial assets worth over $1 trillion.

In detail, the country's external financial assets reached a peak of $2.49 trillion as of end-December, up $166.3 billion from a year earlier, driven by increased stock investments and investment returns. Meanwhile, the external financial debt fell by $125.7 billion to $1.39 trillion.