S. Korea's foreign reserves expand in Dec. on dollar's descent

A clerk sorts US$100 banknotes at the headquarters of Hana Bank in Seoul on Jan. 4, 2023. South Korea's foreign reserves continued to expand for the second straight month in December as the weakening dollar resulted in a rise in the converted value of holdings denominated in other currencies. The country's foreign reserves came to US$423.16 billion as of end-December, up $7.06 billion from the previous month, according to data provided by the Bank of Korea. (Yonhap)

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