Hitting Record High Again In Sept.

Foreign exchange reserves hit a record high for three consecutive months. 

The Bank of Korea unveiled on October 4 that the foreign currency reserves as of the end of September were US$336.92 billion, up 1.8 percent from a month ago.
 
The record-high level of August’s US$331.09 billion was surpassed in only one month. The foreign reserves were US$328.8 billion in April, US$328.1 billion in May, and US$326.4 billion in June. 

An official of the Bank of Korea said, “As the US dollar weakened against other major currencies such as the euro, the value of dollar-denominated assets has increased,” adding, “The Issuance of foreign exchange stabilization bonds has increased the reserve volume as well.”