South Korea's foreign currency deposits dropped by $5.1 billion in October, largely due to U.S. dollar withdrawals.

South Korea's foreign currency deposits fell for the first time in five months in October, dropping by $5.1 billion to $98.97 billion. The decline was mainly due to a decrease in U.S. dollar deposits and a weakening Korean currency. Dollar-denominated deposits fell by $3.1 billion to $82.74 billion, and the Korean won weakened against the U.S. dollar.

November 17, 2024
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