SEOUL, June 23 (Xinhua) — South Korea’s overseas forex deposit marked the primary rebound in 5 months as a consequence of quick progress within the U.S. dollar and the European forex deposits, central financial institution knowledge confirmed Friday.
The deposit, denominated in foreign exchange, stood at 96.79 billion U.S. {dollars} on the finish of May, up 5.4 billion {dollars} from a month earlier, based on the Bank of Korea (BOK).
The dollar and the euro deposits climbed as corporations briefly deposited overseas direct funding funds and dividends from abroad subsidiaries.
The deposit, denominated within the U.S. dollar, gained 3.09 billion {dollars} from a month earlier to 82.29 billion {dollars} on the finish of May.
The euro deposit grew 1.29 billion {dollars} to five.74 billion {dollars}, and the Japanese yen deposit expanded 0.93 billion {dollars} to six.25 billion {dollars}.
The Chinese yuan deposit got here to 1.28 billion {dollars} on the finish of May, up 50 million {dollars} from a month earlier.
Foreign forex deposit, owned by corporations, soared 5.13 billion {dollars} to 82.67 billion {dollars} within the cited month, whereas the individuals-possessed deposit added 0.27 billion {dollars} to 14.12 billion {dollars}.