News Life and Health12 Dec 2017

South Korea:Employees invest 25% of pay in financial products

12 Dec 2017

South Korean workers put a fourth of their earnings into financial products, such as time deposits and stocks, a recent survey shows.

The poll carried out on 786 salaried workers by Hunet, a provider of career education, found that 91.5% of the respondents invested their money in various financial products.

According to the findings, which allowed the respondents to choose multiple answers, 63.1% of them prefer low-risk investment products like time deposits and fixed deposits, reported the Yonhap News Agency.

Another 48.5% said they invested money in stocks, bonds and mutual funds.

Insurance and pension products came in third with 33.3%, and property was fourth with 34.8%, the survey showed.



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