Koreans' excess cash holdings rise in 2013
Seoul - Yonhap
Excess funds held by South Korean households and non-profit agencies rose last year as consumer spending was subdued by lackluster income growth, the central bank said Monday. The value of their excess funds amounted to 87 trillion won (US$81.1 billion) in 2013, up from 83.4 trillion won the previous year, according to the Bank of Korea (BOK).
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