Korea's money supply grows in Dec.
SEOUL, Feb. 14 (Yonhap) -- South Korea's money supply continued to grow from a month earlier in December on a rise in bank deposits, central bank data showed Friday.
The country's M2 came to 2,909.1 trillion won (US$2.45 trillion) as of end-December, up 0.6 percent from 2,893.1 trillion won tallied a month earlier, according to preliminary 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 reading marks the 15th consecutive month of increase since September 2018 when the M2 inched down 0.1 percent from a month before.
From a year earlier, the amount jumped 7.9 percent, accelerating from a 7.7 percent increase in November and marking the fastest on-year growth at least since October 2018.
In December, funds held by local households and nonprofit organizations gained 10.6 trillion won while those held by local companies added 13.2 trillion won.
bdk@yna.co.kr
(END)
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
Ateez to drop new Japanese EP next week
-
(2nd LD) BTS wins three Billboard Music Awards, marking 6th year to win an award
-
Crypto investor probed over allegedly visiting house of Terraform's CEO
-
(2nd LD) N. Korea still unresponsive to S. Korea's outreach for talks on COVID-19: official
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(LEAD) Yoon, PPP lawmakers travel to Gwangju en masse to commemorate 1980 democracy uprising
-
S. Korea to send condolence delegation to UAE over death of president
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
First lady Kim to greet Biden before state dinner
-
(2nd LD) Yoon, Biden hold first summit on N. Korea, economy
-
(4th LD) Yoon, Biden tour Samsung chip plant ahead of summit
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
N. Korea to hold state funeral for military official known for ties with Kim Jong-un