Korean Assets Draw Foreign Inflows on Election Clarity

Foreign funds are piling into South Korean stocks and bonds suggesting a resurgence in investor confidence in Asia’s fourth-biggest economy as political clarity returns after the election of Lee Jae-myung as president.

Overseas investors snapped up a net 11.34 trillion won ($8.3 billion) of listed bonds last month, according to a statement from the Financial Supervisory Service. That marks the largest monthly inflow since Bloomberg began compiling the data in 1998, extending April’s strong momentum.