Korean money looking for a home

Korean retail investors are looking for things to buy. Then why are the country''s largest companies trying to raise money overseas?

A recent report by the Bank of Korea should make very interesting reading for Korean companies looking for cash. According to the report there is Wn220 trillion $197 billion of idle money in the Korean financial system which is going to be looking for new investment opportunities in the next six months.

This money is classified idle because it is locked up in deposit accounts with maturities of less than six months, or it is placed in investment trusts whose government guarantees are set to expire shortly.

According to the central bank, investors are going to be seeking higher-yielding sources of investment for this money. Last month for instance, bank deposits declined...

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