SEOUL: Foreign currency deposits in South Korea declined in September on increased overseas investments by pension funds and corporate payments for trade settlements, central bank data showed on Wednesday.
Outstanding foreign currency-denominated deposits held by residents came to $107.09 billion as of end-September, down $550 million from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.
Residents include South Korean citizens, foreigners who have lived in the country for more than six months, and foreign companies. The data excludes interbank deposits.