00:02You're listening to AI Prism from Seoul Economic Daily.
00:31Here's why global investors are paying attention to Korea today.
00:35Korea's net external position measures what residents own abroad, minus what foreigners own here.
00:41When the KUSPI surges, the market value of foreign-held Korean equities rises, and the net position shrinks, even if
00:48no capital leaves.
00:50That is exactly what the second quarter delivered.
00:53Here's what the numbers show.
00:54Net external financial assets stood at $64 billion at the end of the second quarter, down $689.5 billion in
01:04three months, the steepest fall since records began in 1994.
01:08The KUSPI rose 67.8% over that period, lifting foreign equity holdings from $1.03 trillion to $1.88
01:17trillion.
01:18External assets topped $3 trillion for the first time, but liabilities climbed faster, and Korea slipped from 8th to 9th
01:26in the IMF ranking of net creditor nations.
01:29U.S. federal debt reached $40.05 trillion, having grown $3 trillion in a single year.
01:36The Treasury doubled its buyback operations to $4 billion each from September through November, after which 10-year yields eased
01:450.058 points and 30-year yields 0.092.
01:50Matter-of-fact interest costs alone reached $1.17 trillion this fiscal year, the third-largest line in the federal
01:58budget.
01:58Google took warrants on about 59 million Marvel shares at $206.58, worth up to $12.18 billion, sending Marvel
02:08up 9.8%, while Broadcom fell 4.57%.
02:12EcoPro BM is raising $1.2 trillion, roughly $860 million, with $765 billion, going into a 39% stake in
02:23an Indonesian nickel smelter.
02:25So what does this mean for global investors sizing Korea exposure?
02:29Earlier, we said the 12-year low came from a rising market, not from capital flight.
02:34Here's what that actually means for you.
02:36The drop is a valuation effect on shares foreigners already hold, and the Bank of Korea reports net external debt
02:43stable and payment capacity sound.
02:45The live variable is the U.S. long-end, where a $4 billion buyback covers only 2.4% of
02:52outstanding 10- to 30-year paper.
02:54Watch the Treasury's expanded buyback window from September to November and whether long yields hold their decline.
03:00Watch the Bank of Korea's third-quarter international investment position for stabilization in the net asset line.
03:07Watch Indonesia's tightened nickel export controls from September, which set the cost floor for Korean cathode makers.
03:14That's today's AI Prism Global Investors.
03:17This episode was produced with AI assistance based on Seoul Economic Daily reporting and reviewed by a human editor.
03:23AI Prism is a Juan Ifra award-winning series.
03:27We'll be back tomorrow.
03:28You've been listening to AI Prism from Seoul Economic Daily.
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