South Korea's FX reserves set record high in April

Arirang News 2018-05-04

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South Korea's foreign exchange reserves are at a record high for the second month in a row in April.
The total value of the country's foreign exchange reserves was more than three-hundred-98-point-four billion U.S. dollars, up more than one-point-six billion dollars from a month earlier.
The gains came despite an appreciation of the Korean won.
The Bank of Korea said the on-month rise was boosted by increased gains from investment in foreign assets.
According to the central bank, as of the end of March, South Korea has the world's ninth largest foreign exchange reserves, with China topping the list.

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