The nation's net foreign credit, which is the difference between foreign assets and foreign debt, has exceeded 350 billion dollars.

According to tentative data on the country's international investment position as of late June released by the Bank of Korea on Tuesday, South Korea's foreign credit rose 18-point-eight billion dollars between late March and late June to stand at close to 750 billion dollars.

Foreign debt grew two-and-a-half billion dollars to nearly 392 billion during the same period.

As a result, the net credit volume posted an all-time high of 358 billion dollars, up more than 16 billion from the end of March.

Foreign credit and liabilities consist of loans, bonds and trade credits.