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S Koreans cash out stocks to cover jump in rental costs

Individuals sold a net 3.1t won of shares last month

[SEOUL] When Choi Jong Hyun found his 50 million won (S$58,400) annual salary wasn't enough to cover the 8 per cent jump in rent for his Seoul apartment, he decided to cut back on stock investments rather than take on debt. "I would rather cash out the stocks I now hold and not pay additional