The country's FX reserves reached US$369.60 billion as of the end of October, an increase of $1.49 billion from a month earlier, according to the Bank of Korea (BOK).
BOK officials attributed the increase mainly to a rise in returns on foreign currency asset management.
The increase follows a rise of $0.18 billion in September from the previous month.
As of the end of September, South Korea ranked seventh in the world in terms of FX reserves, the BOK said.
China continued to top the list with $3,514.1 billion, followed by Japan ($1,248.9 billion), Saudi Arabia ($662.3 billion as of the end of August), Switzerland ($598.9 billion), Taiwan ($426.3 billion) and Russia ($371.3 billion).
Brazil came in eighth with $361.4 billion, while India and Hong Kong placed ninth and 10th with $350.8 billion and $345.8 billion, respectively.
reporter
Park Sae-jin
swatchsjp@ajunews.com
