SEOUL, Sept. 23 (Xinhua) -- South Korean financial firms' overseas real estate investment fell in the first quarter of this year, financial watchdog data showed Tuesday.
Overseas real estate investment by domestic financial companies, including banks, insurers and brokerages, reached 55.5 trillion won (39.8 billion U.S. dollars) at the end of March, down 0.5 trillion won (358.6 million dollars) from three months earlier, according to the Financial Supervisory Service.
It took up 0.8 percent of total assets, owned by the financial sector.
Among the total investment, insurance companies held the largest portion of 54.6 percent, followed by banks with 21.9 percent and securities firms with 13.6 percent.
The majority of the investment, representing 62.1 percent, went to North America, while Europe and Asia accounted for 18.5 percent and 6.7 percent each.
Of the total investment, 66.8 percent will mature by 2030, with 10.4 percent set to mature this year. ■
