Large Sums Flow into Savings Before Rate Cuts...Broad Money Supply Up 8.1 Trillion Won in April [3-Minute Brief]

[At a Glance]
① Bank of Korea's Money and Liquidity in April 2025
② Korea's Household Debt-to-Income Ratio at 174%... 6th Highest in OECD
③ Trump on Israel-Iran Conflict: "Sometimes You Have to Fight to Resolve It"

MARKET INDEX

○ "Iran has communicated its willingness to talk with Israel to a mediator country."
○ Trump also confirms, "Iran wants dialogue."
○ Oil prices fall by about 1% amid expectations that military tensions in the Middle East will ease.

TOP 3 NEWS

■ Broad Money Supply Increased by 8.1 Trillion Won in April..."Deposits Made Before Rate Cuts"

○ M2 money supply reached 4,235.8 trillion won, up 0.2% from the previous month
○ The average balance of broad money (M2) in April was 4,235.8 trillion won
○ Up 0.2% from the previous month...turned to an increase after one month

■ Household Debt and Middle East Instability...Will the BOK's Rate Dilemma Deepen?

○ Private consumption is restricted, causing sluggish domestic demand and slowing growth
○ Household loans, especially mortgage loans, are increasing...rising home prices and expectations of a rate cut are contributing factors
○ International oil prices are in focus due to Middle East instability...if inflation is threatened, it will be difficult to cut rates

■ Trump on Israel-Iran War: "Sometimes You Have to Fight to Resolve It"

○ Refused to answer questions about "demanding Israel halt airstrikes"
○ On relations with Israel: "Mutual respect"...expressed support
○ Hinted at a "new trade agreement" at the G7 Summit

the Chart: Supplementary Budget to Be Announced Soon...No 'Tax Revenue Shortfall' Over 10 Trillion Won Expected This Year

○ The second supplementary budget will be announced soon

○ Tax revenue adjustment is becoming visible

○ Eyes on Q2 earnings of Samsung Electronics and SK Hynix

Money-Making Law

■ Managing Partners from Open Recruitment Dominate Large Law Firms

○ The average balance of broad money (M2) in April was 4,235.8 trillion won
○ Up 0.2% from the previous month...turned to an increase after one month
○ Expectations of falling interest rates...increased demand for regular savings and deposits 
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2025061615052402980

■ "Wine Battle" Among Couples Facing Divorce

○ More people in their 30s and 40s are collecting expensive wines
○ Wine is emerging as an asset to be divided
○ If no agreement is reached, an appraiser may be appointed
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2025061615100625550

■ Supreme Court: "Claiming Invalidity After Maintaining a Partnership Contract Violates Good Faith"

○ The Supreme Court ruled that "if certain prior actions were taken to maintain the partnership contract,
○ then claiming a refund of contributions violates the principle of good faith."
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2025061615153562610

※ The "Money-Making Law" section, a content partnership between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○ Domestic

○ International

02:00 US 20-year bond auction

12:00 Japan interest rate decision

17:00 US International Energy Agency (IEA) monthly report

17:30 Hong Kong unemployment rate (May)

21:30 Core retail sales (MoM) (May)

21:30 Canada foreign stock purchases (April)

22:15 Industrial production (YoY) (May)

◇Lunch & Commute Weather

○Lowest temperature: 21°C (0°C) ｜Highest temperature: 30°C (▲2°C)
○ Precipitation probability: 20% in the morning ｜ 10% in the afternoon
○ Fine dust: Moderate in the morning ｜ Moderate in the afternoon

3 minutes is all you need for essential, cost-effective economic news. Published daily at 8 a.m.