Corporate US dollar deposits at South Korea’s five major banks reach a record high of 76.98 billion dollars

Industry data released on Sunday shows that as the Korean won-to-US dollar exchange rate fell to a near two-year low, corporate US dollar deposits at South Korea’s major banks reached a record high this month. As of Thursday, the US dollar deposit balances at the five largest domestic banks in South Korea stood at $76.98 billion, the highest level since this metric started being tracked in May 2021. The five major banks are KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NongHyup Bank.