Stock market investment gains still being funneled into real estate: BOK report
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The Bank of Korea (BOK) on Thursday assessed that investors are funneling their positive returns from stock investment into the local property market instead of on consumption. The report by the BOK comes as the nation's benchmark KOSPI index surged past the 7,300 mark for the first time a day earlier, fueled by rallies from technology stocks. According to the BOK's latest report, Korean investors spent about 130 won ($0.08) for every 10,000 won earned through stock investment on consumption, eq
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