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ECONOMY

Foreign reserves fall for first time in four months as FX deposits shrink, dollar strengthens

South Korea's foreign exchange reserves decreased by 1.72 billion dollars last month, turning downward for the first time in four months. While returns on foreign currency asset management were generated, foreign currency deposits by financial institutions shrank, and assets were entrusted to the Korea-U.S. Strategic Investment Corporation. Continued strengt..

S. Korea’s exports top $80B for 3rd month, hitting record $87.7B in May
South Korea’s monthly exports surged to an all-time high last month, breaking through the $80 billion threshold for the third consecutive month. Driven by..

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