Foreign-Currency Deposits Hit New Record

      November 19, 2020 12:41

      Foreign-currency deposits reached a record US$93.3 billion at the end of last month, surpassing $90 billion for the first time, the Bank of Korea said Wednesday.

      The trend appears to be fueled by bottom-fishing -- investment in assets that have experienced a decline -- as the dollar has fallen against the Korean won.

      • Copyright © Chosunilbo &
      Previous Next
      All Headlines Back to Top