South Korea’s foreign reserves hit a three-year high in November
South Korea’s foreign reserves climbed to a three-year peak by the end of November. The total reached $430.66 billion, marking the sixth straight month of growth. Investment returns and foreign currency deposits drove the increase. The country’s reserves have steadily risen since May. By October, they had already placed Korea as the world’s ninth-largest holder of foreign reserves. The rise in foreign reserves reflects stronger investment income and higher deposits. With six months of continuous growth, the country’s financial buffer has reached its highest level since 2019. The figures highlight Korea’s position among the top global reserve holders.
