Seoul, April 3 (IANS) South Korea’s foreign reserves posted their sharpest monthly decline in about a year in March amid a stronger dollar and authorities’ efforts to manage exchange rate volatility, the central bank said on Friday.The country’s foreign reserves stood at US$423.66 billion as of end-March, down $3.97 billion from a month earlier, according to the data from the Bank of Korea (BOK).It was the sharpest decline since April 2025, when the amount fell by $4.99 billion on-month, reports…
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Seoul, Feb 18 (IANS) South Koreans’ overseas stock investments nearly tripled from a year earlier to an all-time high in 2025, expanding to a level comparable to the country’s annual current account surplus, central bank data showed on Wednesday.Residents’ combined overseas equity investments reached US$114.35 billion last year, up from $42.16 billion in 2024, according to the data compiled by the Bank of Korea (BOK), reports Yonhap news agency.The figure is more than double the previous record …
Seoul, Feb 12 (IANS) Foreign investors turned into net sellers of South Korean equities in January, driven by profit-taking following recent gains in the benchmark index, central bank data showed on Thursday.Offshore investors sold a net US$50 million worth of local stocks last month, reversing from their net purchase of $1.19 billion in December, according to the data from the Bank of Korea (BOK).Foreign investors, meanwhile, bought $2.44 billion worth of bonds in January, resulting in a combin…
Seoul, Feb 4 (IANS) South Korea’s foreign reserves fell for the second consecutive month in January amid government efforts to stabilise the foreign exchange market, the central bank said on Wednesday.South Korea ranked as the world’s ninth-largest holder of foreign reserves as of end-December. China topped the list, followed by Japan, Switzerland, Russia and India, according to the BOK.The country’s foreign reserves stood at US$425.91 billion as of end-January, down $2.15 billion from a month e…
Seoul, Dec 31 (IANS) The local currency posted its weakest annual average against the US dollar ever this year, data showed on Wednesday, amid political turmoil and increased overseas stock investments by local investors.The won averaged 1,422.16 won against the greenback in onshore trading in 2025, the lowest level on record, according to market data, reports Yonhap news agency.The previous record yearly low of 1,398.39 won was set in 1998, when South Korea was hit by the Asian financial crisis…