KOSPI Surge Slashes Korea’s Net Int'l Investment Position: A Red Light?

Korea's net external financial assets have plummeted from over $1 trillion to just $64 billion in little over a year. (Yonhap) As the domestic stock market surged by over 70% during the second quarter, South Korea's net international investment position plunged by $689.5 billion in a single quarter. This is the largest decline in history, shrinking by nearly $700 billion in one quarter since…