BOK chief says reserves may go to overseas stocks

South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.

Korea's reserves are the world's fifth largest after China, Japan, Russia and Taiwan. Most is invested in US Treasuries and other foreign state bonds.

"We are considering managing foreign reserves through overseas investment banks," said Bank of Korea governor Lee Seong-Tae. "One

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