Despite escalated tensions on the Korean Peninsula, foreign investors have net purchased more than 16 trillion won worth of South Korean bonds so far this year.
 
According to the local financial investment industry on Tuesday, foreign traders bought 16-point-five trillion won, or 14-point-five billion U.S. dollars’, worth of local bonds more than they sold this year as of last Friday.
 
The amount of cumulative won-denominated bond holdings by foreigners rose from 89 trillion won at the end of last year to 99-point-three trillion won.
 
Long-term investors such as central banks and national sovereign funds were said to have led the net foreign buying of local bonds this year.