S. Korea's foreign reserves rise in June despite FX market-stabilizing measures

South Korea's foreign reserves rose in June despite efforts by authorities to manage exchange rate volatility, the central bank said Friday. The country's foreign reserves stood at $427.36 billion as of end-June, up $370 million from a month earlier, according to data from the Bank of Korea. The figure marked a turnaround from an $880 million decline in May. The BOK attributed the monthly increase to a rise in foreign currency-denominated deposits by financial institutions despite market stabili

By The Korea Herald