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S. Korea's foreign currency deposit rebounds in Oct.

SEOUL
2023-11-16 15:33

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SEOUL, Nov. 16 (Xinhua) -- South Korea's foreign currency deposit posted the first rebound in three months as local companies deposited their export proceeds, central bank data showed Thursday.

The deposit, denominated in foreign currencies, came in at 94.3 billion U.S. dollars at the end of October, up 4.61 billion dollars from a month earlier, according to the Bank of Korea (BOK).

The deposit, denominated in the U.S. dollar, grew 4.03 billion dollars to 77.88 billion dollars as companies deposited their export proceeds and dividend from overseas subsidiaries.

The Japanese yen and the euro deposits increased to 8.61 billion dollars and 5.33 billion dollars each.

The Chinese yuan deposit stood at 1.14 billion dollars at the end of October, up 0.04 billion dollars from a month earlier.

Foreign currency deposit, owned by companies, gained 4.48 billion dollars to 79.7 billion dollars in the cited month, while the individuals-possessed deposit added 0.13 billion dollars to 14.6 billion dollars.
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