Foreign currency deposits rebound in April to snap three-month decline

Foreign currency deposits rebound in April to snap three-month decline

Foreign currency deposits held by Korean residents rose $8.51 billion in April to $110.68 billion, snapping a three-month decline, with dollar-denominated holdings up $7.68 billion to $93.32 billion. The Bank of Korea links the rebound to corporate funds parked in brokerage accounts awaiting equity deployment — a signal of cautious but active capital positioning that may influence FX hedging strategies for multinationals and tech firms operating in the Korean market.