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Idle Money in S. Korea Hits Record High

Idle Money in S. Korea Hits Record High

SEOUL, Jul. 18 (Korea Bizwire) — The volume of short-term “floating” capital in South Korea hit an all-time high of more than 950 trillion won (US$835 billion) amid record-low interest rates and increased uncertainties, data showed Monday. According to the Bank of Korea and the Korea Financial Investment Association, cash and other short-term capital totaled [...]