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Already the country with the world’s most foreign exchange reserves, China has moved past the US to become the country to hold the most publicly listed South Korean bonds, as well.

On Mar. 17, South Korea’s Financial Supervisory Service (FSS) announced that China held 17.51 trillion won (US$15.20 billion) in publicly listed South Korean bonds at the end of February, about 3 trillion won more than the 14.39 trillion won held by the US.

This was the first time for China to become the country that holds the most South Korean bonds.

By Kim Su-heon, staff reporter

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