SEOUL, June 21 (Korea Bizwire) – Foreign currency deposits declined for the fifth straight month in May as companies withdrew part of U.S. dollar-denominated deposits amid the weakening won and to settle imports, central bank data showed Friday. Residents’ outstanding foreign currency-denominated deposits reached US$88.96 billion at end-May, down $2.39 billion from the previous month, [...]
SEOUL, March 15 (Korea Bizwire) – Foreign currency deposits at banks in South Korea dropped for the second-straight month in February amid the strong U.S. dollar trend, central bank data showed Thursday. Foreign currency deposits held by banks here reached US$80.96 billion at the end of February, down $940 million from a month earlier, according to the data compiled by the Bank of Korea (BOK). It said [...]
SEOUL, Aug. 17 (Korea Bizwire) – Foreign currency deposits held by banks operating in South Korea rose in July from a month earlier as exporters increased their deposits of dollar-denominated earnings, central bank data showed Thursday. Outstanding foreign currency deposits held by local lenders, domestic and foreign, reached US$69.11 billion in July, up $5.5 billion [...]