Arab Today, arab today idle money hit record high amid uncertainties in 2013
Last Updated : GMT 15:29:37
Arab Today, arab today
Arab Today, arab today

Idle money hit record high amid uncertainties in 2013

Arab Today, arab today

Arab Today, arab today Idle money hit record high amid uncertainties in 2013

Seoul - Yonhap

Short-term funds flowing in the South Korean financial system rose to a record high last year as economic uncertainties and a bearish run on the local stock market prodded people to manage their money on a short-term basis, data showed Sunday. The country's short-term funds, including currency in circulation, demand deposits and money parked for stock investment, amounted to a record 712.89 trillion won (US$665.94 billion) as of the end of December, up from 666.36 trillion won posted a year ago, according to data based on figures from the central bank and the Korea Financial Investment Association.

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