S. Korean households' surplus fund falls in 2023

SEOUL, April 4 (Xinhua) -- South Korean households' surplus fund fell last year due to economic slump and higher borrowing costs, central bank data showed Thursday.

The net surplus fund, or the value of financial assets minus financial debts possessed by households and non-profit organizations, amounted to 158.2 trillion won (117.3 billion U.S. dollars) in 2023, down 50.8 trillion won (37.7 billion dollars) comp