foreign reserves Archives | Be Korea-savvy

Foreign Reserves Up for 2nd Month in December on Weak Dollar, Increased Deposits

SEOUL, Jan. 4 (Korea Bizwire) – South Korea’s foreign reserves increased for the second straight month in December on the back of the increased conversion value of non-dollar assets and a rise in deposits, central bank data showed Thursday. The country’s foreign reserves had come to US$420.15 billion as of end-December, up $3.07 billion from [...]

S. Korea’s Short-term Foreign Debt Ratio Hits 5 Year High in 2017

SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s short-term foreign debt rose sharply last year, with its ratio to the total reaching a five year high, the finance ministry said Friday. The country’s total external debt stood at US$418.8 billion at the end of last year, up $34.7 billion from a year ago, according to [...]