SEOUL, December 03 (AJP) - South Korea’s foreign exchange reserves climbed for a sixth straight month in November, rising by $1.84 billion to $430.66 billion — the highest level since August 2022 — the Bank of Korea (BOK) said on Wednesday.
The steady increase follows a five-year low of $404.6 billion recorded in May.
The central bank said the latest gain was driven by higher investment returns and an uptick in foreign-currency deposits held by domestic financial institutions.
By asset type, securities including government and corporate bonds rose by $1.39 billion to $379.35 billion. Deposits increased by $490 million to $26.43 billion. Gold holdings were unchanged at $4.79 billion.
As of end-October, South Korea ranked ninth globally in foreign reserves. China topped the list with $3.343 trillion, followed by Japan, Switzerland, Russia, India, Taiwan, Germany and Saudi Arabia.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Copyright ⓒ Aju Press All rights reserved.
