Tag: foreign currency

foreign currency

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Foreign currency deposits rise to all-time high in July

Foreign currency deposits rose $15 billion in July, led by exporter dollar receipts and brokerage funds for overseas bond investments.

2026.8.28

A bank representative holds U.S. dollars at a Hana Bank branch in central Seoul on Nov. 5. [YONHAP]

Foreign currency deposits post biggest drop in nearly 2 years in Oct.: BOK

Outstanding foreign currency-denominated deposits held by residents came to $101.83 billion as of end-October, down $5.26 billion from a month earlier, according to data from the Bank of Korea.

2025.11.28

Most popular

A worker is seen at a construction site in Moscow, Russia, in this undated file photo. [EPA/YONHAP]

18 hours of work, 2 days off a year: North's laborers in Russia exposed to 'slave-like' conditions

North Korean workers dispatched to Russia to earn money to help finance the Kim Jong-un regime are being subjected to harsh surveillance, control and what defectors describe as “slave-like” conditions, according to a BBC report on Tuesday.

2025.8.13

An official checks U.S. dollar notes at a bank branch of Hana Bank in central Seoul on March 31. [YONHAP]

Foreign currency deposits rise for 2nd month in June: BOK

Foreign currency deposits in Korea increased for the second consecutive month in June, driven by corporate transaction payments and the temporary placement of overseas investment funds by companies, BOK data revealed.

2025.7.23

An official checks banknotes at a Hana Bank branch in Seoul on May 7, 2024. [YONHAP]

Individuals' foreign currency bank accounts top 10 million

The number of foreign currency bank accounts held by individuals has topped the 10 million mark as more opted to open such accounts for overseas stock trading and trips abroad, industry data showed Wednesday.

2025.3.5

An official checks banknotes at a bank branch of Hana Bank in central Seoul on Friday. [NEWS1]

Foreign currency deposits fall in October for the first time in five months

Foreign currency deposits fell for the first time in five months in October on sagging corporate demand for U.S. dollar-denominated deposits and increasing import settlements amid a weak Korean currency, central bank data showed Sunday.

2024.11.17

Ups and downs

Screens in Hana Bank's trading room in central Seoul show the won closing at 1,271.4 won against the dollar on Tuesday, the highest since February 13 when the local currency finished at 1,277.3 won. The Kospi closed at 2,637.95 points, up...

2023.6.13

Yuan, dollar and yen bills are stacked in the counterfeit response unit at Hana Bank's main branch in Jung District, central Seoul, in October last year. [YONHAP]

China's slow recovery weakens yuan and won

China's slower-than-expected economic recovery is weakening the yuan. Experts say the slump may drag the won, yuan's proxy, down as well. The won is considered a proxy currency of the yuan because the former typically follows the latter in the...

2023.5.19

Real or fake?

A bank employee sorts dollar bundles at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul, on Wednesday. Korea's foreign exchange reserve in March stood at $426 billion, up $780 million on month.

2023.4.5

Doling out dollars

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.

2022.8.22