74486
S. Korea Money Supply Up 9.1%
S. Korea Money Supply Up 9.1%

S. Korea Money Supply Up 9.1%

S. Korea Money Supply Up 9.1%

The money supply in South Korea jumped 9.1% in August from a year earlier, the central bank said Wednesday.
The nation’s M2 totaled 2,485.6 trillion won ($2.19 trillion) in August, compared with 2,377.3 trillion won a year earlier, the Bank of Korea said in a statement. The money supply rose 0.7% on-month, the statement said, Yonhap reported.
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 that counts 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.
Meanwhile, the number of employed people in Korea reached 26.84 million in September, marking the largest monthly employment growth since May, according to data compiled by Statistics Korea on Wednesday.
Government data showed that the unemployment rate hit 3.4% last month, down 0.2 percentage point from a year ago. The number of newly employed also marked an increase of 314,000 compared to September last year.
Korea’s employment rate last month also saw a 0.3 percentage point increase to 61.3% compared to last year.
On the same day the data was released, the Moon Jae-in government and the ruling Democratic Party of Korea unveiled a five-year plan that included creating some 810,000 jobs in the public sector as part of the president’s prioritized pledges.
The roadmap has five categories, 10 main tasks and 100 policy measures that will cover how to construct jobs and infrastructure fit for the demands of the industries as well as ways to create more job opportunities in the private sector and improve working environments.

Short URL : https://goo.gl/egiEyv
  1. https://goo.gl/kbhjPN
  • https://goo.gl/uk3tws
  • https://goo.gl/S9LFas
  • https://goo.gl/NPLvvV
  • https://goo.gl/jh3ASw

You can also read ...

Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Nigeria Bank Sees Faster Growth
Nigeria’s biggest bank by revenue expects lending to...
Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus