Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
OpenAI in talks with Samsung to power AI features, report says
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
S. Korea not to attend Sado mine memorial: foreign ministry
-
8
South Korean military plans to launch new division for future warfare
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
The money supply in South Korea jumped 6.1 percent in May from a year earlier, the central bank said Wednesday.
The nation's M2 totaled 2,454.3 trillion won ($2.13 trillion) in May, compared with 2,312.8 trillion won a year earlier, the Bank of Korea said in a statement.
The money supply gained 0.3 percent on-month, the statement said.
The nation's M2 totaled 2,454.3 trillion won ($2.13 trillion) in May, compared with 2,312.8 trillion won a year earlier, the Bank of Korea said in a statement.
The money supply gained 0.3 percent on-month, the statement said.
The growth rate of the money supply has been on the decline since October 2015 as companies decreased domestic credit.
M2 is a measure of the money supply counting the currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock investments. It's a key economic indicator closely monitored by the authorities. (Yonhap)
