Seoul:Korea's foreign reserves increased in October, driven by a rise in foreign currency assets and management profits, as reported by the central bank.
According to Emirates News Agency, the Republic of Korea's foreign reserves stood at US$443.16 billion at the end of October, marking an increase of US$2.6 billion compared to the previous month.
The Bank of Korea (BOK) attributed this monthly growth to an uptick in foreign currency deposits held by financial institutions as well as management profits.