Foreign reserves reach $371.5 billion at end of May
Korea’s foreign exchange reserves hit an unprecedented $371.5 billion at the end of May, the Bank of Korea reported Wednesday. That was $1.6 billion more than a month earlier. In February 2014, foreign reserves stood at $350 billion. As of end of April, Korea was sixth in the world in terms of foreign reserves. China was No. 1 with $3.73 trillion.