Dollar deposits at five major banks hit record as won reaches 23-month high

Sep 5, 2026 23:17 (49d ago)

Five major banks recorded their highest combined dollar deposits since consolidated figures began in May 2021.
Dollar deposits reached about $76.98 billion as of September 3, including a record $63.302 billion held by companies.
The won touched 1,345 per dollar on September 4, while exporters retained proceeds and importers secured dollars for future payments.

Dollar deposits at KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup reached about $76.98 billion as of September 3, the highest since consolidated figures began in May 2021. The won touched 1,345 per dollar in nighttime trading on September 4, its strongest level in 23 months, before exchange-rate boards in Myeongdong showed 1,352 per dollar on September 6, 2026. Corporate deposits reached $63.302 billion as exporters delayed converting dollar proceeds and importers bought currency ahead of future payments. Personal dollar deposits rose to $13.681 billion, while yen deposits also increased as individuals sought cheaper foreign currency.