South Korean Banks' Demand Deposits Plunge Over 40 Trillion Won This Month as Investors Flee to Fixed-Rate Savings

According to Korean Economy News, demand deposits at South Korea's five major banks (Kookmin, Shinhan, Hana, Woori, and NH Bank) fell sharply to 681.26 trillion won as of July 23, with over 40 trillion won withdrawn this month alone. The exodus reflects investor fatigue from extended stock market volatility, with funds redirecting toward fixed-term deposits following the Bank of Korea's interest rate hike.
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