SEOUL, Jan 25 (NNN-YONHAP) – South Korea’s foreign currency deposit hit a record high last month, as companies placed more U.S. dollar-fund in bank accounts, central bank data showed, today.
Deposit, denominated in foreign currencies, came in at 110.98 billion U.S. dollars, at the end of Dec, up 3.59 billion dollars from a month earlier, according to the Bank of Korea (BOK).
It marked the highest since relevant data began to be compiled in 2012, keeping a record-breaking trend for the second successive month. The foreign currency deposit continued to grow for four months in a row.
Local companies sought to secure more dollar fund amid rising uncertainty over global economy.
Deposit, denominated in the U.S. dollar, gained 1.86 billion dollars from a month earlier, to 95.38 billion dollars at the end of Dec, and the Japanese yen deposit grew 0.53 billion dollars to 6.61 billion dollars.
The euro deposit increased 0.99 billion dollars to 5.50 billion dollars, and the Chinese yuan deposit climbed to 1.78 billion dollars.
Foreign currency deposit, owned by companies, rose 3.28 billion dollars to 96.10 billion dollars, and the individuals-possessed deposit added 0.31 billion dollars to 14.88 billion dollars.– NNN-YONHAP
