South Korea's reserves hit new high

South Korea's foreign reserves rose to a new high in mid-November, helped by an increase in the dollar-conversion value of non-dollar assets, the Bank of Korea said Wednesday.

According to the Bank of Korea, the foreign reserves as of Monday rose to US$186.1 billion, up $7.7 billion from the end of October.

"The weak U.S. dollar prompted increases in the dollar-conversion value of euro and yen-denominated assets," the central bank said in a report.

The central bank also attributed the surge to i