SEOUL, Sept. 17 (Xinhua) -- South Korea's financial assets grew to 11,387.9 trillion won (10.2 trillion U.S. dollars) in the second quarter due to a rise in cash, pension and loan assets amid stronger risk-off sentiment stemming from the protracted European fiscal crisis, the central bank data showed Monday.
The country's gross financial assets reached 11,387.9 trillion won as of the end of June, up 0.8 percent, or 87.6 trillion won, from three months earlier, according to the Bank of Korea (BOK).
The second-quarter growth came as the prolonged European debt crisis boosted demand for safe havens such as cash, deposits, pensions and bonds.
The proportion of cash holdings and deposits against the total financial assets advanced to 18.5 percent as of end-June from 18.3 percent three months before. The ratio for insurance and pension increased from 5.4 percent to 5.5 percent over the same period.
The ratio for bond holdings increased from 19.2 percent in the first quarter to 19.3 percent in the second quarter, with the ratio for loan assets rising from 17.7 percent to 17.8 percent.
However, the proportion of stocks and invested stakes against the total fell to 16.9 percent as of end-June from 17.8 percent three months earlier due to weakening sentiment for risk-on assets.
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