S. Korea's foreign currency deposit falls for 2nd month in October

Alsharq Tribune-Otaify 

South Korea's foreign currency deposit fell for the second straight month due to weaker demand for the U.S. currency, central bank data showed Friday.

The deposit, denominated in foreign currencies, shrank 5.26 billion U.S. dollars from a month earlier to 101.83 billion dollars at the end of October, after falling 0.55 billion dollars in the previous month, according to the Bank of Korea (BOK).

Foreign currency deposit, possessed by companies, reduced 5.5 billion dollars to 86.76 billion dollars in the same month, but the individual-owned deposit grew 0.24 billion dollars to 15.07 billion dollars.