[Photo] S. Korean foreign exchange reserves climb to all-time high

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South Korea’s foreign exchange reserves have climbed to an all-time high, recording US$407.46 billion as the end of November, according to the Bank of Korea (BOK). This figure reflected AN increase of US$1.14 billion from the previous month. South Korea’s foreign exchange reserve is now the ninth largest in the world, with China taking first place and Japan taking second.