Seoul, March 23 (IANS) Foreign currency deposits in South Korea fell for the second straight month in February, due to a decline in both individual and corporate deposits, central bank data showed on Monday.Outstanding foreign currency-denominated deposits held by residents stood at US$117.53 billion at the end of February, down $490 million from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.In January, foreign currency deposits fell for the firs…
Latest Park Hong-keun News & Updates
Seoul, March 2 (IANS) South Korean President Lee Jae Myung has nominated a four-term lawmaker of the ruling Democratic Party as budget minister and a former senior fisheries official as oceans minister, Cheong Wa Dae said Monday. Representative Park Hong-keun has been tapped to lead the Ministry of Planning and Budget, while Hwang Jong-woo, chair of the Korea Maritime Cooperation Center’s international cooperation committee, was named to head the Ministry of Oceans and Fisheries, Lee Kyu-yeon, p…