이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korean corporate bank savings gain fast amid poor investment environment
- Collected
- 2016.10.25
- Distributed
- 2016.10.26
- Source
- Go Direct
According to the Bank of Korea on Sunday, corporate savings in local banks stood at 357.2 trillion won ($314.4 billion) out of total bank balance of 1,207.7 trillion won as of the end of August, up 2.6 percent or 9.2 trillion won from the end of 2015.
Last year, the corporate savings balance added 26.8 trillion won, recording the highest annual increase in four years since 2011. The trend has continued on to this year as corporate investors have been left with little investment options.
Market observers say firms are still reluctant to make investment amid restructuring wave in Korea and volatility in external markets. The Korean central bank forecast this year’s capital investment will contract by 3.9 percent from last year.
Between January and August this year, the growth in corporate savings outpaced the gain in household savings by 794.1 billion won. Consumer savings reached 567.6 trillion won as of the end of August, up 1.5 percent or 8.4 trillion won from December. Individual savings slowed for two straight months since July. At current rate, the growth in individual savings this year would halve from last year’s 28.7 trillion won, market experts say.
By Roh Seung Hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]