Foreign currency deposits fall for 2nd month in Feb.: BOK

Foreign currency deposits in South Korea fell for the second straight month in February, due to a decline in both individual and corporate deposits, central bank data showed Monday. Outstanding foreign currency-denominated deposits held by residents stood at $117.53 billion at the end of February, down $490 million from a month earlier, according to the data from the Bank of Korea. In January, foreign currency deposits fell for the first time since the first on-month decline in October, followin

By The Korea Herald