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South Korea's FX reserves top US$ 400 bil. for first time in June: BOK

2018-07-04 1 Dailymotion

South Korea's foreign exchange reserves were at a record high for the fourth month in a row in June.<br /> The Bank of Korea says the total value as of last month was four-hundred-point-three billion U.S. dollars, topping the four-hundred billion dollar mark for the first time.<br />Korea's FX reserves surpassed one-hundred billion dollars in 2001, two-hundred billion in 2005 and three-hundred billion in 2011. <br />The Bank of Korea attributed the rise to increased gains from investment in foreign assets. <br />As of the end of May, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list. <br />

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