Foreign currency reserves amounted to 426.51 billion U.S. dollars as of the end of October, up 5.96 billion dollars from a month earlier, according to the Bank of Korea (BOK).
The foreign reserves continued to rise for seven months since April, marking the fastest growth in about two years since January 2018.
The country's foreign reserves were composed of 383.66 billion dollars of securities, 30.51 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.19 billion dollars of special drawing rights (SDR) and 4.36 billion dollars of IMF positions.
South Korea was the world's ninth largest holder of foreign reserves as of the end of September, unchanged from the previous month.
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