South Korea’s foreign exchange reserves increased for the fifth consecutive month in October, reaching $428.82 billion at the end of the month, up by $6.8 billion from September.
According to data from the Bank of Korea, foreign-currency deposits rose by $7.4 billion to $25.94 billion, while the reserve at the International Monetary Fund decreased by $80 million from the previous month to $4.41 billion at the end of October.
South Korea ranked ninth globally at the end of September in terms of foreign reserves, while China topped the list, followed by Japan, Switzerland, Russia, and India.
