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Chinese Capital to Korea Rises by KRW 3 Trillion
Date
2013.04.04
Views
1086

The amount of Chinese capital flowing into Korea has increased by KRW 3 trillion in just a year.

According to a report titled “Chinese Capital Is Rushing In!” from the Hyundai Research Institute, the amount of Chinese capital in Korea last year is estimated to reach KRW 18.254 trillion.

This figure is equivalent to 1.4 percent of last year’s nominal GDP of Korea, or KRW 1,272.5 trillion. The amount of Chinese capital to Korea last year has increased by KRW 3.206 trillion compared to KRW 15.048 trillion in 2011.

Chinese capital flowed into Korea through the stock market and real estate markets.

Chinese capital to the Korean stock market last year reached KRW 6.152 trillion, a 1.6-fold increase from KRW 3.824 trillion in 2011. The amount of Chinese capital to the Korean bond market last year recorded KRW 10.792 trillion, a KRW 56 billion increase from a year earlier. The amount of Chinese capital to the Korean real estate market last year recorded KRW 1.310 trillion, up 32 percent from 2011.

“We have to boost the economy and create jobs by promoting investment from China. We also have to minimize financial risks that could arise from the increased capital inflow and prepare measures to protect the control and technology of domestic firms,” said officials from the Hyundai Research Institute.

Source Text

Source: Yonhap News (Mar. 30, 2013)

** This article was translated from the Korean.

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