[Photo] S. Korea’s foreign exchange reserves high record high in December for 3rd straight month

South Korea’s foreign exchange reserves climbed to a record high in December 2019, reaching US$408.82 billion, an increase of US$1.36 billion from the previous month. It was also the third straight month where South Korea’s foreign exchange reserves saw a record high. Regarding the cause behind such increases, the Bank of Korea pointed to the increased value of non-dollar foreign assets as well as the weakening of the US dollar.