Foreign currency deposits in South Korea extended their upward trajectory in June, marking the third consecutive month of growth.
Central bank data released Monday indicates that the increase was primarily driven by a surge in dollar-denominated savings among domestic depositors.
36 billion, according to earlier data from the Bank of Korea.
The trend underscores a continued preference for hard currency among Korean households and businesses, likely reflecting hedging strategies against won volatility or broader global uncertainty.
This accumulation of foreign currency liabilities runs parallel to the central bank's efforts to manage exchange rate stability.
The deposit growth coincides with a strengthening of the nation's external buffer.
South Korea's foreign exchange reserves climbed in June to reach US$427.36 billion, according to earlier data from the Bank of Korea.