M1 refers to currency in circulation and demand and transferable savings deposits in national currency of nonbank financial institutions, state and local governments, nonfinancial public enterprises and the private sector with banking institutions.
Copyright, 2014, International Monetary Fund. Reprinted with permission.
Source: International Monetary Fund
Release: International Financial Statistics
International Monetary Fund, M1 for Republic of Korea© [MYAGM1KRM189S], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/MYAGM1KRM189S/, September 3, 2015.