Article by Fisher Capital Management Korea News
Fisher Capital Management Latest News: Bank deposits rise 3.2 pct in H1
SEOUL, July 12 (Yonhap) — South Korean banks’ deposits increased 3.2 percent in the first half as the economic recovery and higher deposit rates lured customers into relatively safe assets, industry data showed Tuesday.
Deposits held by local six banks including top lender Kookmin Bank amounted to 810.5 trillion won (US1 billion) as of end-June, up 24.8 trillion won from the end of last year, according to the data.
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