Foreign exchange reserves amounted to 447.71 billion U.S. dollars at the end of May, down by 1.59 billion dollars from a month earlier, according to the Bank of Korea (BOK).
The reserves continued to slide for three months since March. The downward trend was attributed to the authorities' forex market stabilization efforts with the use of the foreign reserves.
South Korea was the world's ninth-largest holder of foreign reserves at the end of April, down one notch from the prior month.
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