Dollar deposits at South Korea's five largest banks rose to $75.459 billion as of August 19, up $6.024 billion, or 8.7%, from the end of July and $10.415 billion from the end of June. The increase coincided with the won's rapid recovery from ₩1,555.8 per dollar in early July to ₩1,386.5 on August 21. Individuals bought dollars at lower exchange rates for currency trading and dollar-denominated assets, while corporations accounted for about 90% of the deposit growth by retaining export proceeds and securing dollars for future payments and investments. The won's rebound was supported by the conversion of funds raised through SK Hynix's American Depositary Receipt issuance and easing foreign-investor selling pressure. Daishin Securities analyst Lee Jung-hoon said the exchange rate could reach the 1,350 level by year-end if semiconductor-related dollar supply continues.