South Korea’s foreign exchange reserves post new high in January

South Korea’s foreign exchange reserves posted a new high last month, marking the seventh record-breaking month in a row. The Bank of Korea said Wednesday South Korea held a record 348-point-39 billion US dollars in foreign exchange reserves at the end of January, up $1.9 billion dollars from the previous month.A bank official attributed the rise in the figure to interest gains from foreign currency assets such as bonds, according to the (KBS WORLD) websiteAs of the end of December, South Korea held the seventh largest foreign exchange reserves in the world. China was the world’s largest foreign exchange reserve holder followed by Japan.