South Korean households witness increases in surplus funds
(MENAFN) South Korean households saw a continued rise in their surplus funds for the third straight quarter, driven largely by increased holdings in deposits and securities, according to recent data from the country’s central bank.
Reports revealed that during the first quarter of 2025, the net surplus fund—which is calculated by subtracting financial liabilities from financial assets owned by households and non-profit institutions—expanded by 30.3 trillion won (22.1 billion U.S. dollars), bringing the total to 92.9 trillion won (67.9 billion dollars). This marks a notable increase compared to the previous quarter.
In the two preceding quarters, the surplus rose by 2.3 trillion won (1.7 billion dollars) and 25.3 trillion won (18.5 billion dollars), respectively.
The overall rise in financial assets amounted to 30.0 trillion won (21.9 billion dollars) in the January to March period. Within that, deposits climbed by 28.5 trillion won (20.8 billion dollars), while insurance and pension holdings declined by 21.8 trillion won (15.9 billion dollars). At the same time, investments in equities and mutual funds increased by 18.8 trillion won (13.7 billion dollars).
Meanwhile, financial debts dropped slightly, decreasing by 400 billion won (292.3 million dollars) during the same quarter.
The central bank had previously lowered its key interest rate by 25 basis points in both February and May, following similar cuts in October and November of the prior year.
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