(MENAFN) S. Korean firms have not been able to capitalize on the fast growth in China's financial industry, urging the government to draw more eased rules from Beijing.
Accordingly, the Korea Institute for Intl' Economic proclaimed that the country has seen its market shares in autobomiles and mobile phone sectors grow to 10 percent.
The country's financial firms operatring in China hold a joined amount of financial assets value USD 281.2mn, which represents a mere 0.8 percent of whole assets.
The government will intensify its efforts to push the Chinese financial market to open its market to Korean firms in its coming talks on free trade.
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