The surplus fund, or the value of financial assets minus financial liabilities that were held by households and non-profit organizations, stood at 39 trillion won (27.8 billion U.S. dollars) in the April-June quarter, up 14.5 trillion won (10.3 billion dollars) from a year earlier, according to the Bank of Korea (BOK).
Financial liabilities diminished to 41.9 trillion won (29.8 billion dollars) in the second quarter from 55.6 trillion won (39.6 billion dollars) in the same quarter of last year.
Households refrained from borrowing money as borrowing costs were on the rise. The BOK has raised its key rate since August last year from 0.50 percent to 2.50 percent.
Financial assets, such as deposits and securities, totaled 80.9 trillion won (57.6 billion dollars) in the second quarter, slightly up from 80.1 trillion won (57 billion dollars) a year earlier.
The holdings of equity securities and investment funds dropped from 30.1 trillion won (21.4 billion dollars) to 18.9 trillion won (13.5 billion dollars) in the cited period.
The deposits holdings expanded from 33.2 trillion won (23.6 billion dollars) to 39.9 trillion won (28.4 billion dollars).
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