S.Korea gov't to lend securities to investors

SEOUL, June 10 (Reuters) - South Korea plans to lend its holdings of securities, including stocks and bonds, to private investors to manage in order to increase national wealth, the finance ministry said on Wednesday.

As government policy has shifted to active management and expansion of national assets away from the existing goal of simply preserving them, the ministry said that it had revised the relevant law to allow the holdings to be lent out.

Under the new system, the government will lend its holdings of shares and bonds to private sector investors for certain periods through the Korea Securities Depository.

The ministry will seek cabinet approval for the revised bill and plans to put it into effect on July 31. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner)