Cash transport personnel conducts the release of funds to be supplied to commercial banks at the Bank of Korea's headquarters in Seoul, Jan. 14. Joint Press Corps

Korea's money supply rose for the 18th consecutive month in November, in line with an increase in short-term funds amid high market volatility, central bank data showed Tuesday.

The country's M2, a key gauge of the money supply stood at 4,143 trillion won ($2.89 trillion) in November, up 0.8 percent from the previous month, according to the preliminary data from the Bank of Korea (BOK).

The money supply has been on a constant increase since June 2023.

On a year-on-year basis, the money supply advanced 6.4 percent in November, compared with a 6.5 percent on-year increase in October.

The M2 is a measure of the money supply that counts cash, demand deposits and other easily convertible financial instruments.

The increase in the money supply came as demand deposits rose by 11.4 trillion won amid high volatility in the asset market, according to BOK officials.

South Korea's liquidity aggregate, the broadest measure of money supply, rose 0.7 percent from a month earlier to stand at 7,094.2 trillion won in November, the data showed. (Yonhap)