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Ageing S Koreans less inclined to spend savings

Sentiment makes it difficult for central bank to stoke spending and price gains to keep the nation's tiger economy powering along
Tuesday, April 7, 2015 - 05:50
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There are few signs of strength in consumption and the household savings rate rose to the highest level in 10 years in 2014.

Seoul

SOUTH Koreans are getting older and spending less, making it more difficult for the central bank to stoke spending and price gains to keep the nation's tiger economy powering along.

Cho Woang Lae, a retired engineer living in Seoul, is like many of the 7.6 million South