With the slowdown of the stock market, the super rich owned fewer stocks than before. Read more at straitstimes.com.
SEOUL - The wealthiest in South Korea tended to increase their shares of safe haven assets, such as cash holdings and deposits, rather than taking a risk with real estate in 2022, according to a report published Sunday by a think tank under Hana Bank.
The report was based on a survey of 2,013 South Koreans above the age of 19 conducted in December last year. On the other hand, with the slowdown of the stock market, the super rich owned fewer stocks than before, with 520 million won worth of stocks in 2022, marking a sharp drop from 1.68 billion won the year before.
The report also looked into the lives of wealthy South Koreans with financial assets over 1 billion won. The wealthy respondents had an average of 7.2 billion won in total assets in 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Changi ranks 9th among world’s top 10 busiest airports in 2022 for international passengersChangi is the only Asian airport in the top 10, with a total of 31.9 million travellers passing through in 2022. Read more at straitstimes.com.
Read more »
Hurricanes top Super Rugby standings with win at HighlandersMELBOURNE : Two tries from winger Salesi Rayasi helped propel Wellington Hurricanes to the top of the Super Rugby Pacific table as they beat the Otago Highlanders 29-14 away in Dunedin on Saturday. It was a sixth win in seven games for the Canes, who join Waikato Chiefs on 27 points at the summit.
Read more »
Bedok South Horizon review: Future integrated HDB close to East Coast Park plus sea viewsProject: Bedok South Horizon HDB Town Bedok Address: Bedok South Road Lease Start Date: Around 2021 No. of Units: 940 Bedok South Horizon was launched in the November 2016 BTO exercise alongside eight other projects. This exercise in particular had also two other Bedok BTO projects — Bedok Northvale and Bedok Beacon. Other mature BTOs Kallang Residences and two BTOs in the Bidadari precinct were launched too, giving BTO hopefuls...
Read more »
‘Come to Parliament more often to understand govt’s South China Sea stand’: Anwar to MuhyiddinThe Prime Minister said the Perikatan Nasional chairman did not understand the government’s stand on the matter after the Pagoh MP recently criticised Mr Anwar for being ready to negotiate with China. Read more at straitstimes.com.
Read more »
Malaysia says it will protect its rights in South China SeaKUALA LUMPUR: Malaysia said on Saturday (Apr 8) it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energ
Read more »
Ukraine says Russia is preparing to evacuate civilians from occupied areas of southUkraine is widely expected to launch a counteroffensive in the coming weeks to recapture territory. Read more at straitstimes.com.
Read more »