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Korea's household savings grew at their slowest pace in six years in 2013.
The Bank of Korea said Wednesday,... the amount of household deposits at banks came to roughly
470-biliion U.S. dollars at the end of last year,... up 6-point-6 percent from the previous
year. Of that, the amount of savings deposits stood
at around 430-billion dollars,... up 5-point-5 percent from a year earlier,... the slowest
pace in six years. Demand deposits,... which can be withdrawn
anytime,... grew at their fastest pace in 12-years,... jumping 20-percent in the same
period to roughly 40-billion dollars. Household credit came to 955-billion dollars
at the end of 2013,... up 6-percent from a year earlier.