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S. Korea's bank deposits increase by fastest rate amid COVID-19

2020-07-27 1 Dailymotion

코로나19 사태로 돈 풀었더니…예금 109조 '폭증'<br /><br />The amount of bank deposits put into savings accounts in South Korea has risen by the fastest rate in history..., despite the government's efforts to boost consumption amid COVID-19.<br />The Bank of Korea said Monday that deposits for the first half of the year reached almost 91-billion U.S. dollars.<br />That's more than double the figure for the first half of 2019.<br />According to the central bank, while firms and households have borrowed more money to overcome the economic difficulties posed by COVID-19..., they are apparently keeping that money in savings accounts while they wait for the right time to spend it.<br />Experts say this in part shows that the government's policies to boost economy are not having a big enough impact on the market.<br />

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