
The portion of stocks and bonds held by South Korean individuals to their financial assets declined for the fourth consecutive year in 2013 as demand for risky assets weakened, data showed Tuesday. According to the Bank of Korea, individuals held a combined 2,641 trillion won (US$2.5 trillion) worth of financial assets at the end of last year, some 25 percent, or 659 trillion won, of which were stocks and bonds. Individuals refer to households, small business owners and nonprofit organizations.
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