South Korea's foreign reserves rose for the sixth consecutive month in November to reach a three-year high, the central bank said Wednesday.
The country's foreign reserves had stood at $430.66 billion as of end-November, up $1.84 billion from a month earlier, according to the data from the Bank of Korea.
It marked the highest level since August 2022, when the figure stood at $436.43 billion.
The increase was largely attributable to an increase in investment income and a rise in foreign currency deposits held by financial institutions, the BOK said.
Foreign securities, such as US Treasuries, had gone up $1.39 billion to $379.35 billion as of end-November, accounting for 88.1 percent of total foreign reserves.
The value of foreign currency deposits rose by $490 million to $26.43 billion, while special drawing rights edged up by $20 million to $15.74 billion.
Gold bullion holdings remained unchanged at $4.79 billion.
The country's International Monetary Fund reserve positions shed $60 million from a month earlier to $4.35 billion at end-November, the data showed.
South Korea ranked as the world's ninth-largest holder of foreign reserves at end-October.
China topped the list, followed by Japan, Switzerland, Russia and India, according to the BOK. (Yonhap)
