Cash sur­pluses in S. Korea drops

China Daily (Canada) - - BUSINESS -

Cash sur­pluses held by South Korean house­holds dropped in the sec­ond quar­ter as house­holds spent money to pur­chase homes amid record­low in­ter­est rates, cen­tral bank data showed on Wed­nes­day. Cash sur­pluses among house­holds and non­profit or­ga­ni­za­tions reached 13.7 tril­lion won ($12.5 bil­lion) in the April-June pe­riod, down 43.6 per­cent from the pre­vi­ous three-month pe­riod, ac­cord­ing to the Bank of Korea.

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