SEOUL Feb 16 South Korea's foreign exchange
bank deposits in January inched up to their highest level in
four months as exporters increased their dollar deposits from
trade settlements, the central bank said on Thursday.
Foreign exchange bank deposits were at $64.65 billion as of
end-January, up $5.74 billion from a month earlier and marking
the highest level of deposits since September 2016, according to
the Bank of Korea.
Dollar deposits rose $5.57 billion to $55.23 billion for the
month, which accounted for 85.4 percent of the total foreign
Deposits denominated in yen, which accounted for 6.1
percent of foreign currency deposits, fell $280 million to $3.91
billion, the data showed.
South Korean exports rose in January for a third consecutive
month and at the fastest pace in nearly five years, according to
data from the trade ministry earlier this month.
(Reporting by Cynthia Kim; Editing by Sam Holmes)