Stock Market Money Move Accelerates as Mutual Finance Loses 15 Trillion Won

A powerful rally in South Korea’s stock market is accelerating a “money move,” with funds chasing higher returns flowing into equities and the trend now spreading to the mutual finance sector. According to the Bank of Korea on the 14th, 15 trillion won flowed out of mutual finance institutions, including Saemaul Geumgo, in the first quarter of this year. The shift, previously seen mainly around banks, has now been confirmed in mutual finance as well. As the stock market’s strength continues, investors are looking beyond stable products such as deposits and installment savings toward higher return potential. The outflow shows that money flows across the financial sector are being reorganized around equities. Source: mk.co.kr