SEOUL, April 14 South Korea's foreign exchange
deposits rose for a third month to hit a record high in March,
central bank data showed on Friday, as dollar-denominated
The Bank of Korea said total foreign exchange deposits rose
by $2.6 billion to $70.54 billion in March, the highest on
record, from $67.94 billion in February.
The deposits rose mainly because South Koreans snapped up
dollars for investment purposes as the won rose to a six-month
high towards the end of March.
Dollar deposits rose $2.16 billion to $60.14 billion, while
deposits in the yen increased $110 million to $4.26 billion, the
(Reporting by Cynthia Kim; Editing by Eric Meijer)