Seoul: The Republic of Korea's money supply increased for the sixth consecutive month in September, driven by an inflow of investment-related funds amid a strong domestic stock market, central bank data showed Wednesday. Preliminary data from the Bank of Korea (BOK) indicated that the country's M2, a key measure of money supply, reached 4,430.5 trillion won (US$3.02 trillion) in September, marking a 0.7 percent rise from the previous month.
According to Emirates News Agency, the figure has been on a constant increase since April. This consistent rise suggests a robust economic environment where investment activities are actively contributing to the liquidity in the market.
Comparing the data to a year earlier, M2 saw an 8.5 percent increase in September, highlighting a significant year-over-year growth. This trend reflects the ongoing economic activities and investments that have been buoyed by favorable market conditions.