Excess savings fuel fears of financial market overheating in Korea
newscatcher
2023-07-25 01:39
Excess savings fuel fears of financial market overheating in Korea
[Image source: Gettyimagesbank]South Korean households amassed excess savings surpassing 100 trillion won ($78.06 billion) during the Covid-19 pandemic, and a significant portion of these funds, rather than being used to repay debts, remained unspent, earmarked for potential investments. Now, as the tightening phase comes to an end, experts from the Bank of Korea (BOK) warn that this surge in liquidity could re-ignite the domestic asset market, potentially leading to overheating.On Monday, the Bank of Korea unveiled estimates showing that from 2020 to 2022, households' excess savings ranged from 100 to 129 trillion won, representing 4.

https://n.news.naver.com/mnews/article/009/0005163295?sid=104

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