# South Korea Narrow Money (M1)

South Korea Narrow Money (M1) was up 4.2% year on year in August 2026, compared with 6.5% in July 2026.
The level stood at 1,357,591 KRW billion.
That is the lowest reading since May 2025.
Among the 9 economies Makrognosis covers on this measure, it is the 3rd lowest.
Over the past ten years it has ranged from −14.2% (Jun 2023) to 28.1% (Oct 2020), averaging 7.3%.

- Source agency: Bank of Korea
- Makrognosis code: `KR.M1.M.SA`
- Frequency: monthly
- Units: KRW billion
- Coverage: 2003-10-01 to 2026-08-01 (275 observations)
- Page: https://makrognosis.robomacro.com/data/south-korea/narrow-money-m1

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| August 2026 | 1,357,591 KRW billion | 4.2 |
| July 2026 | 1,372,528 KRW billion | 6.5 |
| June 2026 | 1,402,878 KRW billion | 10.1 |
| May 2026 | 1,397,347 KRW billion | 10.0 |
| April 2026 | 1,372,032 KRW billion | 8.3 |
| March 2026 | 1,365,490 KRW billion | 7.7 |
| February 2026 | 1,355,538 KRW billion | 6.8 |
| January 2026 | 1,353,903 KRW billion | 6.4 |
| December 2025 | 1,335,739 KRW billion | 6.1 |
| November 2025 | 1,330,387 KRW billion | 6.8 |
| October 2025 | 1,325,114 KRW billion | 7.3 |
| September 2025 | 1,316,389 KRW billion | 7.0 |
| August 2025 | 1,303,412 KRW billion | 6.5 |
| July 2025 | 1,288,997 KRW billion | 5.5 |
| June 2025 | 1,274,359 KRW billion | 4.2 |
| May 2025 | 1,270,879 KRW billion | 3.8 |
| April 2025 | 1,267,022 KRW billion | 3.1 |
| March 2025 | 1,267,426 KRW billion | 3.0 |
| February 2025 | 1,269,135 KRW billion | 4.7 |
| January 2025 | 1,272,174 KRW billion | 4.9 |
| December 2024 | 1,258,596 KRW billion | 4.1 |
| November 2024 | 1,245,143 KRW billion | 3.7 |
| October 2024 | 1,235,134 KRW billion | 2.8 |
| September 2024 | 1,229,973 KRW billion | 3.4 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/KR.M1.M.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.M1.M.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```