Forex reserves hit record high in South Korea

South Korea's foreign exchange reserves hit a record high in January, helped by the government's continued dollar buying.

Economists expect forex reserves to continue rising this year as booming exports inflate the country's current account surplus and foreign investors keep buying South Korean shares.

Forex reserves grew $2.1bn in January to a record $157.45bn, the fourth-largest in the world, the Bank of Korea said on Tuesday 3 february.

"We're worried about a sharp foreign exchange movement l

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