The M2, called broad money, reached 2,927.5 trillion won (2.4 trillion U.S. dollars) in January, up 7.8 percent from a year earlier, according to the Bank of Korea (BOK).
It came as the BOK cut its benchmark interest rate to a record low of 1.25 percent in October last year. The central bank slashed it further to an all-time low of 0.75 percent Monday in its first emergency move since the 2008 global financial crisis.
The M1, dubbed narrow money, was up 11.5 percent in January, after expanding 9.6 percent in the previous month.
The M1 refers to the currency in circulation, demand deposit, transferable savings deposit equivalent to cash. The M2 adds money market funds, time deposit and financial products that mature in less than two years to M1.
The liquidity of financial institutions, called Lf, increased 8.2 percent in the cited period. The year-over-year growth of liquidity aggregate, the broadest measure of money supply, was 7.7 percent.
The Lf includes financial products with a maturity of more than two years and liquidity at insurers and brokerages along with M2. The liquidity aggregate adds state and corporate bonds to the Lf.
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