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KOREA RANKED 18TH FOR HOLDINGS OF U.S. SECURITIES.

AsiaPulse News

| March 03, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

WASHINGTON, March 3 Asia Pulse - South Korea was holding US$138 billion worth of U.S. securities as at the end of June last year, ranking it 18th among foreign countries, the latest data released by the Treasury said.

The preliminary report, dated Friday, showed that South Korea held $5 billion in equities, $118 billion in long-term debt, and $15 billion in short-term debt.

Of the long-term debt, $13 billion was in asset-backed securities.

A previous tally, taken at the end of June 2006, said the Asian ...

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Source: HighBeam Research, KOREA RANKED 18TH FOR HOLDINGS OF U.S. SECURITIES.

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