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flag South Korean households hit a record surplus of 147.8 billion USD in 2024, due to reduced spending and low interest rates.

flag South Korean households saw their surplus fund reach a record high in 2024, totaling 215.5 trillion won (147.8 billion USD), due to weak home demand and reduced spending. flag Financial assets, including deposits and securities, rose by 71.3 trillion won, while financial debts grew by 16.3 trillion won. flag The Bank of Korea lowered interest rates to 2.75% in February, contributing to the surplus increase.

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