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Bank deposits rebound as higher rates draw funds back

The Korea Timesopen noticesearchBusinessBanking & FinanceBank deposits rebound as higher rates draw funds backListenListenText SizePrintBy Lee Hyo-jinPublished Jul 23, 2026 7:00 am KSTDeposit rates at major lenders top 3% following BOK rate hikeATM machines from Korea’s major banks are seen in Seoul, Sunday. Yonhap A 31-year-old office worker in Seoul surnamed Lee says she has recently stopped putting new money into stocks and instead plans to park her spare cash in a bank deposit. “Most of my investments are in semiconductor stocks like Samsung Electronics and SK hynix, and I’m in the red,” she said. “After seeing some banks offering…

Source: Korea Times Business

Bank deposits rebound as higher rates draw funds back