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Korea’s FX reserves rise to $428.82 billion

Operating gains and new foreign-currency stabilization bond issuance helped lift South Korea’s foreign-exchange reserves in October. On November 5, the Bank of Korea said the nation’s FX reserves stood at $428.82 billion at end-October, up $6.8 billion from a month earlier. The reserves comprised $377.96 billion in securities, $25.94 billion in deposits, $..

October inflation hits 2.4% amid higher food, energy costs
South Korea’s consumer prices rose at the fastest pace in more than a year in October, driven by higher costs for farm goods, processed foods, and petroleu..

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