Corporate dollar deposits increase at fastest pace in November amid strong greenback
Dollar deposits by companies at local banks rose at the fastest pace of the year in November as firms accelerated efforts to increase their dollar holdings amid a strengthening U.S. dollar, industry data showed Sunday. Companies' outstanding dollar deposits at five major commercial banks, including KB Kookmin Bank and Shinhan Bank, reached $53.7 billion as of Thursday, up 21 percent from $44.3 billion a month earlier, according to the data. The increase marks the largest monthly gain in 2025. Dollar deposits are financial products in which won is converted into dollars and deposited, then withdrawn or converted back into won upon maturity. Typically, when the dollar strengthens, investors tend to realize profits, leading to a decline in dollar deposit balances. However, dollar deposits rose in November despite the stronger U.S. dollar. Insiders said companies expanded their dollar holdings amid rising U.S. investment and heightened foreign exchange market uncertainties. "Following U.S. President Donald Trump's election last December, corporate currency exchange transactions and dollar deposWeiter zum vollständigen Artikel bei Korea Times
Quelle: Korea Times