Korea's foreign reserves rise to nearly 3-year high in October

Korea's foreign reserves rose for the fifth consecutive month in October to the highest amount in 33 months, the central bank said Wednesday. The country's foreign reserves stood at $428.82 billion as of the end of October.

2025-11-05

Foreign reserves up for 4th consecutive month in Sept.

Korea's foreign reserves rose for the fourth consecutive month in September, primarily due to an increase in foreign currency deposits held by financial institutions.

2025-10-10

Seven injured after training land mine explodes during reserve forces exercise in Jeju

A training land mine detonator exploded during a reserve forces exercise at an Air Force base in Seogwipo, Jeju, injuring seven people on Wednesday, according to the Air Force on Thursday.

2025-09-11

Korea's foreign reserves hit five-year low

Korea's foreign reserves rose from a month earlier in December but reached the lowest level in five years in terms of year-end reading, central bank data showed Monday.

2025-01-06

Korea's foreign reserves drop in October as strong U.S. dollar takes its toll

Korea's foreign reserves fell in October, snapping three consecutive months of rises due to the decreased value of non-U.S. dollar assets amid a strong U.S. dollar and decreased deposits, central bank data showed Tuesday.

2024-11-05

Korea's foreign reserves increase by $2.41 billion in August

Korea's foreign reserves increased for the second straight month in August on the back of the increased value of nondollar assets and investment gains, central bank data showed Wednesday.

2024-09-04

Foreign reserves end three-month dip in July

Korea’s foreign reserves ended their three-month dip in July on the back of a foreign currency-denominated debt sale and increased values of non-U.S. dollar assets, central bank data showed Monday.

2024-08-05

Foreign exchange reserves dip for a third consecutive month

Korea's foreign exchange reserves as of late June was $412.21 billion, down $620 million from the $412.83 billion in late May, the Bank of Korea said in a report on Wednesday. This marks the third consecutive month that the reserves have decreased.

2024-07-03