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[Graphic News] Korea has world’s 7th-largest shadow finance sector
By Korea HeraldPublished : April 3, 2014 - 20:36
The Bank of Korea said on Thursday that in 2013, the volume of financial services offered by local shadow banks surpassed 1.5 quadrillion ($1.4 trillion) to exceed the nation‘s nominal GDP. The figure also reflected an 11.2 percent increase from 2012, the central bank said.
Brokerages, money market funds and trust funds were among the shadow banks that were found to be the most dominant, the data showed.
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Articles by Korea Herald
