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South Korea’s foreign currency deposits dropped $490 million in February, mainly due to lower corporate holdings.
South Korea's foreign currency deposits fell by $490 million in February to $117.53 billion, marking the second consecutive monthly decline, according to Bank of Korea data.
Corporate holdings dropped $450 million, while individual deposits fell $40 million.
U.S. dollar and Japanese yen deposits decreased, but euro-denominated deposits rose and yuan deposits slightly declined.
Meanwhile, Budget Minister nominee Park Hong-keun called for a supplementary budget to bolster energy security amid Middle East tensions and rising oil prices, as the government maintains a fuel price cap to protect consumers.
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Los depósitos en moneda extranjera de Corea del Sur cayeron en 490 millones de dólares en febrero, principalmente debido a la reducción de las tenencias corporativas.