SEOUL Oct 17 South Korea's foreign exchange
bank deposits declined in September after rising for three
straight months, central bank data showed on Monday, on a fall
in dollar-denominated deposits.
The Bank of Korea said the total foreign exchange deposits
fell to $66.50 billion in September, from $67.34 billion in
August, which was a 16-month high.
Dollar deposits in September slipped to $56.52 billion from
$56.92 billion as conglomerates withdrew cash to pay back debt,
the statement said.
Foreign deposits held by corporates fell to $55.30 billion
last month from $56.99 billion in August, while those held by
individuals rose to $11.20 billion from $10.35 billion over the
Deposits denominated in the dollar accounted for 85 percent
of all deposits in September.
(Reporting by Christine Kim; Editing by Sherry Jacob-Phillips)