South Korea's foreign exchange reserves declined by 960 million U.S. dollars to less than 395 billion in February,... due largely to the strengthening greenback.
According to data released by the Bank of Korea,... this is the first decline in four months,... after the nation's FX reserves hit fresh record highs every month from November last year to January 2018.
The reserves consist of securities and deposits denominated in overseas currencies,... as well as International Monetary Fund reserve positions, special drawing rights and gold bullion.