[경제]135 trillion won in deposits this year…

[앵커]

It was investigated that this year’s total bank deposits surged by over 135 trillion won until last October.

It seems that it is because households and companies are stacking up money once as the anxiety increases due to the spread of Corona 19.

There are also concerns that the so-called’pork vein hardening’ phenomenon may be caused if it is not turned to the market.

Reporter Lee Jong-soo on the report.

[기자]

According to the Bank of Korea, as of the end of October this year, the total balance of deposits at deposit banks is KRW 1,651 trillion.

Compared to the end of last year (151.5 trillion won), it has increased by 13.7 trillion won.

The year-round increase of last year has already exceeded 12 trillion won.

The reason for this year’s explosive increase in deposits is that households and businesses that have been trying to secure a record level of funds in response to Corona 19 have stocked up funds instead of consumption and investment.

[송재창 / 한국은행 금융통계팀장 : 예비적으로 보유하고 있는 것이고요. 그 이면에는 경제적 불확실성 때문에 어디 확실하게 투자하겠다는 게 확실하지 않고 정부에서 유동성 지원을 하니까 그 돈이 수시입출식 저축성 예금으로 쌓아두고 있는 상황입니다.]

Accordingly, Korea’s household savings rate is expected to reach around 10% this year, reaching the highest level in 21 years since 13.2% in 1999.

The situation in the United States is similar, and according to the Korea Financial Research Institute, the total amount of US commercial bank deposits this year increased from $1.3 trillion at the end of January to $1.5 trillion at the end of October, by $2.7 trillion, or about 2,990 trillion won.

The money accumulated in the bank could lead to increased consumption by developing vaccines and lifting blockades in the future.

However, if it is accumulated in anxiety and is not absorbed into the market, it may lead to a contraction in consumption and a slow economic recovery.

In addition, there are concerns that it could further boost asset prices by focusing on the stock or real estate market without finding a suitable investment destination.

YTN Jongsoo Lee[[email protected]]is.

[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]