Arab Today, arab today portion of household deposits tops 50 in seoul
Last Updated : GMT 09:13:08
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Portion of household deposits tops 50% in Seoul

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Arab Today, arab today Portion of household deposits tops 50% in Seoul

Seoul - Yonhap

The weight of deposits held by households in local banks' total deposits surpassed 50 percent for the first time in about six years in January, data showed Tuesday, a sign that people not feeling economic recovery were choosing to save rather than invest or spend. The portion of household deposits accounted for 50.3 percent of local banks' total deposits with 1,008.9 trillion won (US$950 billion), according to the Bank of Korea (BOK).

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