Deposit, denominated in foreign currencies, reached a new high of 93.32 billion U.S. dollars as of the end of October, up 7.87 billion dollars from a month earlier, according to the Bank of Korea (BOK).
It came as demand increased for the dollar on views that the greenback was undervalued versus the local currency.
The dollar deposit advanced 6.85 billion dollars from a month earlier to 80.32 billion dollars as of end-October, and the euro deposit added 0.54 billion dollars to 4.4 billion dollars.
The Chinese yuan deposit grew 50 million dollars to 1.68 billion dollars, while the Japanese yen deposit rose 0.34 billion dollars to 5.29 billion dollars.
The foreign currency deposit owned by companies jumped 7.2 billion dollars to 74.73 billion dollars at the end of October, while individuals-possessed deposit increased 0.67 billion dollars to 18.59 billion dollars.
Latest comments