SEOUL: South Korea’s foreign reserves rose by 4.4 billion U.S. dollars in 2015 compared with a year earlier, central bank data showed Wednesday.
Foreign reserves reached 367.96 billion dollars as of the end of December, up 4.4 billion dollars from a year earlier, according to the Bank of Korea (BOK).
The increase was attributable to a continued growth in investment income and an income from foreign exchange moves.
The foreign reserves consisted of 345.24 billion dollars of securities, 13.27 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.24 billion dollars of special drawing rights and 1.41 billion dollars of International Monetary Fund positions.
As of end-November, South Korea ranked the world’s sixth largest holder of foreign reserves.
