Koreans Are Shunning Japan Products, But Not Its 26% Investment Returns (Bloomberg)
South Korea’s boycott of Japan stops at financial products generating high returns.
While many Koreans have ceased buying everything from beer to cars to clothing from Japan and canceled trips there amid a trade spat, they have flocked into the nation’s real estate investment trusts.
Korean investors’ holdings of Japanese REIT funds have quintupled from the start of the year to about 291 billion won ($248 million), according to data from investment information provider KG Zeroin Co. They’ve bought a net 60 billion won in October, set for the biggest monthly inflow this year.
