Yonhap Infomax NewsSouth Korea’s M2 money supply surged by 55.8 trillion won in August, the largest monthly increase in over three years, driven by strong inflows into stocks and bonds and temporary local government deposits, according to Bank of Korea data.
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August Money Supply Posts Largest Increase in Over Three Years as Inflows to Stocks and Bonds Accelerate
South Korea’s M2 money supply surged by 55.8 trillion won in August, the largest monthly increase in over three years, driven by strong inflows into stocks and bonds and temporary local government deposits, according to Bank of Korea data.