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South Korea: South Korean investors flock to Chinese assets
Storyline: South Korean investors flock to Chinese assets 【Voice_over】 As China and South Korea work to renew and strengthen their diplomatic and economic relationship, South Korean investors are finding new optimism in the Chinese market, with investments reaching new highs recently, data shows. According to the Korea Securities Depository, so far this year, South Korean firms have invested about 6.7 billion U.S. dollars into Chinese stocks, including those listed in Hong Kong, which is three times the amount invested during the same period last year. China is now South Korean's second-largest destination for overseas investment with sectors like electric vehicles, biotechnology, and robotics accounting for most net purchases. For investors in South Korea, the shift means strengthening their China research teams and developing publicly offered funds including China-themed exchange-traded funds. 【Sound_bite】 ETF department head, Timefolio Asset Management: "Previously, there were more index-based ETFs such as CSI 300 and Hang Seng Tech. But starting this year, many products focused on Chinese tech, such as electric vehicles, artificial intelligence, and humanoid robots, have emerged." [Restrictions : No access Chinese mainland]
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