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[Graphic News] Amount of idle money in S. Korea hits record high
By Nam Kyung-donPublished : June 8, 2020 - 10:00
The volume of short-term floating capital in South Korea hit an all-time high of more than 1,100 trillion won ($904 billion) amid low interest rates and increased uncertainties over the novel coronavirus pandemic, data showed.
Cash and other forms of short-term capital, including demand deposits and money market funds, totaled 1,106.3 trillion won as of end-March, Bank of Korea and Korea Financial Investment Association data showed. The amount was the largest since the institutions began to record such statistics. (Yonhap)
