Business · Economy · 3 hrs ago
South Korea’s foreign reserves rose to a four-year high in October
South Korea’s foreign reserves rose by $2.6 billion in October to $443.16 billion, according to the Bank of Korea.
The total was the country’s highest in more than four years, since May 2022.
The reserves had fallen by $1.72 billion in September, making October a return to growth.
The central bank said higher returns on foreign assets and more foreign-currency deposits from financial institutions drove the increase.
Cash deposits grew by $6.32 billion, while securities such as government and corporate bonds fell by $3.59 billion.
The US dollar strengthened during October, reducing the dollar value of some euro- and yen-based assets, but the other gains outweighed that effect.
South Korea ranked ninth globally in foreign reserves at the end of September; the figures do not say what happens next.
South Korea’s foreign reserves rose by $2.6 billion in October to $443.16 billion.
The total was the highest since May 2022, a period of four years and five months.
The Bank of Korea attributed the increase mainly to returns on foreign-currency assets and higher foreign-currency deposits by financial institutions.
The reserves had fallen by $1.72 billion in September.
Despite the overall increase, securities holdings fell by $3.59 billion, while deposits rose by $6.32 billion.
- Who
- The Bank of Korea reported the figures for South Korea.
- What
- Foreign reserves rose by $2.6 billion to $443.16 billion.
- When
- At the end of October 2026; the Bank of Korea reported the figures on November 4.
- Where
- South Korea.
- Why
- The Bank of Korea said the increase was mainly due to returns on foreign-currency assets and higher foreign-currency deposits by financial institutions.
This story does not have two clearly opposing sides.
South Korea’s foreign reserves fell by $1.72 billion to $440.56 billion.
Foreign reserves rose by $2.6 billion to $443.16 billion at month-end.
The Bank of Korea reported the October reserve figures.
- October reserves
- $443.16 billion
- Monthly change
- Increase of $2.6 billion
- Previous month’s reserves
- $440.56 billion
- Highest level since
- May 2022
- Securities
- $382.43 billion, down $3.59 billion from September
- Deposits
- $36.27 billion, up $6.32 billion from September
What people are saying
mainly due to returns on foreign currency assets and an increase in foreign currency deposits by financial institutions
mainly due to returns on foreign-currency assets and an increase in foreign-currency deposits by financial institutions