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Foreign currency deposits fell for a second straight month in November, totaling $98.43 billion.
A mobile app service that allows users to use QR codes as identification for ATM use was launched by the Korea Financial Telecommunications & Clearings Institute, the Committee on Financial Informatization Promotion and 17 domestic banks
Driven by the rising base rates, savings deposits in accounts with more than 1 billion won ($700,525) hit a record 787.9 trillion won as of June, up 2.4 percent this year, according to the Bank of Korea, Monday.
Employees sort out dollars at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul, on Monday. The won broke 1,330 to the dollar for the first time in 13 years on Monday.
More money is flowing into time deposit accounts as rates rise and stocks remain sluggish. Time deposits were long neglected by investors as banks slashed interest rates to near zero. But the financial product has been gaining popularity following...
Foreign currency deposits at banks in Korea rose sharply in September from a month earlier as exporters increased dollar holdings, central bank data showed Tuesday.
Foreign currency deposits at banks in Korea rose in February, mainly due to a gain in corporate holdings of dollar deposits, central bank data showed Tuesday.
As the dollar drops rapidly on aggressive economic support measures in the United States, speculators are buying up the U.S. currency on hopes of a rebound.
Foreign currency deposits at banks in Korea rose to a new record high in July as companies increased dollar holdings amid pandemic-caused uncertainties, central bank data showed Monday.
Korea JoongAng Daily Sitemap