Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jeonghyun go Journalist = Korea's resident's foreign currency deposits as of the end of December 2017 decreased by US$590 million compared with November 2018 due to Japanese yen strength.

Resident's foreign currency deposits at the end of 2018 from foreign exchange banks decreased by US$590 million to US$74.46 billion compared with November, 2018 according to the currency trend report published on January 15th, 2019 by the bank of Korea.

The figure decreased by US$8.57 billion from the US$83.3 billion at the end of 2017.

It is likely that Japanese yen deposits declined because of the selling spots affected by Won-yen exchange rate increase, so the resident's foreign currency deposits also decreased in December 2018.

Korea's dollar deposits increased by US$510 million whereas Japanese yen deposits and Euro deposits decreased by US$920 million and US$200 million respectively.

As of the end of December 2018, domestic banks' deposits decreased by US$830 million to US$62.8 billion from November 2018 whereas deposits of foreign bank branches in Korea increased by US$240 million to US$11.66 billion in the same period.

NSP News Agency/NSP TV jeonghyun go Journalist, gojh89@nspna.com
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