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South Korea’s Money Supply Sees December Increase

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Seoul, Feb 13 (IANS) South Korea’s money supply rose in December from a month earlier, driven by increases in corporate and household deposits in both foreign and local currencies, central bank data showed on Friday.The country’s M2, a key gauge of the money supply, stood at an average of 4,080.7 trillion won (US$2.83 trillion) in December, up 0.6 percent from the previous month, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.The figure had risen stead…