Dollar-denominated bank deposits in South Korea again set a new record last month.
 
According to the Bank of Korea(BOK) on Monday, foreign currency-marked deposits at local banks in August tallied 67-point-three billion dollars, up one-point-one billion dollars from late July. 
 
Foreign currency deposits include those held by domestic citizens, foreign citizens who have resided in South Korea for at least six months and foreign firms holding foreign currencies in local banks.
 
Those in U.S. dollars led the growth in foreign currency-denominated deposits. Dollar-denominated bank deposits surged nearly one-point-two billion to amount to a record 56-point-nine billion dollars in August. The figure broke the previous record of 55-point-seven billion dollars posted in July.
 
Foreign currency deposits held by individuals also topped ten billion dollars for the first time on the back of demand for investment resulting from expectations the U.S. Federal Reserve will raise its key interest rate.