South Korean households' financial investments lag far behind those of the United States as they focus more on property and bank deposits, data showed Monday.
Cash and bank deposits accounted for a large 45.5% of South Korean households' financial assets in 2013, compared to 12.5% for the US, according to the data compiled by the Korea Financial Investment Association.
The portion of their financial investments such as stocks and bonds stood at 25% last year, with the comparable figure for insurance and pension being 28.9%, they showed.
Compared to 2007, the portion of cash and bank deposits rose 3%, but that for financial investment dropped 9.1% over the cited period, the data showed.
The data showed US households' exposure to financial investment vehicles was much higher than those by South Korean households, accounting for 53.7% of their assets, according to South Korea's (Yonhap) News Agency.
Stocks and funds each accounted for 16.7% and 3% of local households' financial assets, compared to a whopping 33.7% and 11.6% tallied in the US, they said.
Real estate had been considered the most guaranteed means of investment in South Korea, as the property market prospered for decades following the country's brisk growth.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor