S.Korea's foreign reserves grow in September

Source: Xinhua | 2019-10-08

South Korea's foreign reserves grew last month on an increased return from investment in foreign securities, central bank data showed Friday.
Foreign reserves amounted to 403.32 billion U.S. dollars as of the end of September, up 1.84 billion dollars from a month earlier, according to the Bank of Korea (BOK).
The foreign currency reserves were composed of 374.5 billion dollars of securities, 18.02 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.36 billion dollars of special drawing rights (SDR) and 2.64 billon dollars of IMF position.
The securities, which accounted for 92.9 percent of the total reserves, expanded 3.52 billion dollars last month, but the deposits reduced 1.64 billion dollars. The gold bullion was unchanged in the month.
South Korea was the world's ninth largest holder of foreign reserves as of the end of August, unchanged from the previous month.