South Korea's foreign currency deposits rose $3.66bn in September, driven by strong US dollar demand.

In September, South Korea's foreign currency deposits rose for the fourth month, reaching $104.07 billion, an increase of $3.66 billion from August, according to the Bank of Korea. The surge was largely driven by strong demand for U.S. dollar deposits, which grew by $2.27 billion to $85.84 billion. Other currencies, including the Japanese yen, euro, and Chinese yuan, also saw modest increases. Corporate deposits rose significantly, while individual holdings also grew.

October 21, 2024
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