S. Korea's foreign exchange reserves rise US$ 3 bil. m/m to US$ 406.3 bil. in October
  • 4 years ago
South Korea's foreign exchange reserves increased in October from the month before.
The Bank of Korea says reserves amounted to an all-time high of around 406 billion U.S. dollars last month, up three billion dollars from September.
The central bank attributed the rise to an increase in revenue from its investments in foreign assets and the weaker U.S. dollar.
As of the end of September, South Korea had the world's ninth largest foreign exchange reserves,... with China at the top of the pile.
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