South Korea’s foreign currency reserves rise

South Korea’s foreign currency reserves kept a record-breaking trend for the third straight month as the weak US dollar increased the conversion value of nondollar assets, central bank data showed. Foreign reserves reached a fresh high of $405.51 billion as of end-January, up $1.82 billion from a month earlier, according to the Bank of Korea. The record-breaking trend continued for three months in a row as the dollar weakness raised the conversion value of nondollar assets.