China Daily Global Edition (USA)
Cash surpluses in S. Korea drops
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.