April Foreign Currency Deposits Rise by $8.51 Billion, Rebounding After Three Months

by Lee Kimin

Published 29 May.2026 12:00(KST)

Bank of Korea Reports April Resident Foreign Currency Deposit Trends

Overseas Pension Fund Investments and Large Corporate Settlement Inflows Drive Growth

Last month, foreign currency deposits held by residents in Korea increased by 8.51 billion dollars, marking a rebound after three months of decline, driven mainly by US dollar deposits and corporate accounts. This turnaround was attributed to the inflow of overseas investment funds from the National Pension Fund and settlement payments from large companies being brought into the country.

According to the "Trends in Resident Foreign Currency Deposits for April 2026" released by the Bank of Korea on May 29, resident foreign currency deposits at foreign exchange banks totaled 110.68 billion dollars at the end of last month, an increase of 8.51 billion dollars compared to the previous month. Resident foreign currency deposits refer to foreign currency deposits in Korea held by Korean nationals, domestic companies, foreigners residing in Korea for more than six months, and foreign companies operating in Korea.

By currency, US dollar deposits, Japanese yen deposits, and euro deposits increased by 7.68 billion dollars, 400 million dollars, and 260 million dollars, respectively. A Bank of Korea official explained, "US dollar deposits rose due to an increase in investor deposits at securities companies, the inflow of overseas investment funds from pension funds, and settlement payments received by large corporations." The official added, "Japanese yen deposits increased due to investor deposits at securities firms, while euro deposits saw a slight rise mainly due to the inflow of bond issuance funds by some companies."

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By account holder, corporate deposits (with a balance of 94.88 billion dollars) and individual deposits (15.8 billion dollars) increased by 8.08 billion dollars and 430 million dollars, respectively. By bank type, domestic banks (with a balance of 93.1 billion dollars) saw an increase of 5.86 billion dollars, while foreign bank branches (17.58 billion dollars) recorded an increase of 2.65 billion dollars.