'Be secure, frugal': Hana investment trends report

• Published date: 28 February 2023
• Publication title: The Korea Times

Koreans are likely to look for more secure and thrifty ways to invest in 2023 amid high inflation, costly borrowing rates and slow economic growth adding to people's woes, a report said Wednesday.

Released by Hana Institute of Finance, the report also urged financial services companies to adopt a more efficient mix of in-person and offline services in the post-pandemic era where there will be a greater reliance on digital technology, while clients' firsthand experiences are still valued.

Operated under the wing of Hana Financial Group, the institute said 43 percent of its survey participants responded that the financial balance for 2023 will be worse than last year's. The negative outlooks outnumber the positive outlooks, with only 12 percent of the survey takers forecasting the financial balance will improve this year from a year earlier.

Under the circumstances, the institute projected that people will try harder to safeguard the value of their assets.

Accordingly...