ROK for­eign re­serves hit record

China Daily (USA) - - BUSINESS -

South Korea’s for­eign re­serves hit a new record high in Au­gust due to a con­tin­ued in­crease in in­vest­ment re­turns, cen­tral bank data showed on Mon­day. For­eign re­serves reached a fresh high of $375.46 bil­lion as of end-Au­gust, up $4.08 bil­lion from a month ear­lier, ac­cord­ing to the Bank of Korea. It marked the sec­ond straight month of ex­pan­sion as in­vest­ment re­turns into se­cu­ri­ties and in­ter­est in­comes in­creased.

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