South Korea's official foreign reserves at the end of November amounted to $415.4 billion.
According to the Bank Of Korea (BOK) on Wednesday, the nation's official foreign reserves decreased by $300 million to last month.
BOK explained that the operating income generated by foreign currency deposits at financial institutions increased, however, the US dollar translation of assets in other currencies decreased due to the stronger dollar.
South Korea’s official foreign reserves consisted of securities valued at 372.4 billion dollars (89.6%), deposits of 19.1 billion dollars (4.6%), SDRs of 14.9 billion dollars (3.6%), gold of 4.8 billion dollars (1.2%) and the country’s IMF position of 4.2 billion dollars (1.0%).
As of the end of October, South Korea's foreign reserve holdings ranked the ninth largest in the world.
By Jin-gyu Kang
josep@hankyung.com
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