(LEAD) Money supply in S. Korea continues to rise in Nov.
(ATTN: ADDS more details in para 6, photo)
SEOUL, Jan. 16 (Yonhap) -- South Korea's money supply continued to rise in November on a hike in funds held by local households, central bank data showed Thursday.
The country's M2 came to 2,893.1 trillion won (US$2.49 trillion) as of the end of November, up 0.7 percent from the 2,874.3 trillion won tallied a month earlier, according to the data from the Bank of Korea (BOK).
M2 is a measure of the 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.
The country's M2 has been on a steady increase since September 2018, when it inched down 0.1 percent from the month before.
From a year earlier, the M2 jumped 7.7 percent, accelerating from a 7.5 percent on-year rise in October.
The November reading marks the fastest growth since March 2016, when the corresponding figure was 7.8 percent, according to the central bank.
The increase was partly attributed to an increase in funds held by households and nonprofit organizations, which added 12 trillion won from a month earlier to reach about 1,493 trillion won at the end of November.
Money held by local companies gained 3 trillion won, rising to 770 trillion won over the cited period.
bdk@yna.co.kr
(END)
-
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending
-
Opposition leader calls on Yoon to reject imports of products from Japan's Fukushima
-
DP leader says Yoon should have stormed out of summit with Japan if Dokdo issue raised
-
One-third of senior public officials have over 2 bln won in personal wealth: data
-
Actor Yoo Ah-in appears for questioning over alleged drug use
-
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending
-
Grandson of ex-President Chun apprehended at Incheon Int'l Airport over drug use
-
One-third of senior public officials have over 2 bln won in personal wealth: data
-
Actor Yoo Ah-in appears for questioning over alleged drug use
-
Change seen among Japanese right wing favoring restoration of ties with S. Korea: envoy
-
Top U.S. general cancels plan to visit S. Korea due to time restraints: his office
-
N.K. leader's sister accuses Zelenskyy of gambling with Ukraine's destiny
-
Actors in Netflix series 'The Glory' dating: agencies
-
(LEAD) Grandson of ex-President Chun apologizes to victims of 1980 democracy rising
-
(2nd LD) S. Korea's exports down for 6th month in March on falling chip demand