[THE INVESTOR] South Korea’s foreign exchange reserves hit a new record high of $389.27 billion as of the end of December, according to the central bank data.
The December figure exceeds the earlier record of $387.25 billion set in November.
As of end of November, South Korea was the world’s ninth-largest holder of foreign exchange reserves behind China, Japan, Switzerland, Saudi Arabia, Taiwan, Russia, Hong Kong and India.
Last year, the country’s foreign exchange reserves grew by $18.17 billion, the biggest growth since 2013.