SEOUL, July 23 (Yonhap) — Foreign currency deposits in South Korea increased for the second consecutive month in June, driven by the deposit of corporate transaction payments and the temporary placement of overseas investment funds by companies, central bank data showed Wednesday.
Outstanding foreign currency-denominated deposits held by residents stood at US$106.44 billion as of end-June, up $5.08 billion from a month earlier, according to data from the Bank of Korea (BOK).
It followed a $5.1 billion on-month increase in May, when the figure rose for the first time since January.
Residents include South Korean citizens, foreigners who have resided in the country for more than six months and foreign companies. The data excludes interbank foreign currency deposits.
Corporate foreign currency deposits rose by $4.66 billion on-month to $91.67 billion, while individual holdings increased by $420 million to $14.77 billion.
By currency, dollar-denominated deposits climbed by $3.6 billion to $89.14 billion, and Japanese yen-denominated deposits increased $260 million to $8.69 billion.
Euro-denominated deposits went up $4.90 million to $5.21 billion, while Chinese yuan-denominated deposits added $1.1 billion to $2.07 billion, the BOK said.
An official checks U.S. dollar notes at a bank branch of Hana Bank in central Seoul on July 7, 2025. (Yonhap)
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