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S KOREA'S CAPITAL OUTFLOW FOR OVERSEAS STUDIES SOARS.
SEOUL, March 2 Asia Pulse - South Korea's capital outflow to fund overseas study and training rose sharply in the four months ended in January as its strong currency made it easier to afford them, the central bank said Wednesday.
South Koreans took US$971 million out of the country to finance their study and training overseas in the October-January period, up 51.3 per cent from a year earlier, according to the Bank of Korea (BOK).
The increase rate compared with a 21.9-percent annual gain in the previous four months, the BOK said.
Average South Koreans sent larger amounts of money abroad in the four-month period as the fast appreciation of the won against the U.S. dollar made it cheaper to fund overseas study, the central bank said.
South Korea's currency has risen sharply against the greenback ...
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