S. Korea's money supply up 4.8 pct last November: BOK

SEOUL, Jan. 10 (Yonhap) -- The money supply in South Korea rose 4.8 percent last November from a year earlier, the central bank said Wednesday.

The nation's M2 totaled 2,521.7 trillion won (US$2.3 trillion) in November, the Bank of Korea (BOK) said in a statement.

It marked the fourth consecutive month that the monthly money supply growth remained at a 4 percent level.

M2 is a measure of money supply that counts the currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock investments. It is a key economic indicator closely monitored by the authorities.

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