Korea M2 Money Supply Surges 0.7% in June to 4,213 Trillion Won

South Korea's M2 rose 0.7% MoM to 4,213 trillion won in June, driven by short-term deposit and money market fund growth, continuing an upward trend since last November.

Woofun AI data shows that South Korea's M2 money supply averaged 4,213 trillion won ($2.97 trillion) in June, marking a 0.7% monthly increase of 29.4 trillion won. The Bank of Korea attributes this rise to growth in short-term deposits and money market funds, which focus on short-term financial products. This metric has maintained a steady upward trajectory since November of last year.