Household Savings Slow to a Crawl

  • Arirang News

    March 06, 2014 10:45

    Household savings grew at their slowest pace in six years in 2013.

    The Bank of Korea said Wednesday that the total amount of household deposits at domestic banks came to roughly US$470 billion at the end of last year, up 6.6 percent from 2012.

    Savings accounted for around $430 billion of that, up just 5.5 percent from the previous year.

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