South Korea's international reserves increased from the previous month in June, data released by the Bank of Korea showed Tuesday.
Official foreign reserves amounted to $312.38 billion at the end of June, higher than $310.87 billion recorded at the end of the preceding month.
The increase in reserves was driven mainly by operating profits on the reserves and higher U.S. dollar translation values of reserves denominated in other currencies.
Korea's foreign reserves consisted of securities valued $285.50 billion, deposits of $18.70 billion, special drawing rights of $3.46 billion, the country's IMF reserve position of $2.55 billion, and $2.17 billion in gold reserves, data showed.
by RTT Staff Writer
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