SOUTH KOREA’S FOREIGN CURRENCY DEPOSIT DECLINE ON STRONG USD

Highlights:

• South Korea’s foreign currency deposits slump in January with the selling of USD funds.
• Foreign currency deposits recorded as 74.98 billion U.S. dollars at the end of January.
• Marked as the biggest monthly decline in 11 months.

In January, South Korea's foreign currency deposits fell. This came after companies sold the U.S. dollar fund amid the str....