Corporate Dollar Deposits in South Korea Hit Record High in September

Corporate dollar deposits peak in Sept. as won strengthens: data

Corporate dollar deposits at major South Korean banks have risen to a record high this month, as the won-dollar exchange rate fell to its lowest level in almost two years, industry data showed Sunday. The outstanding dollar deposits at five major local banks stood at $76.98 billion as of Thursday, the highest level since banks began compiling such data in May 2021. The five banks are KB Kookmin, Shinhan, Hana, Woori and NH NongHyup. The Korean won was quoted at 1,345 won per dollar as of 10:30 p

By The Korea Herald