Korea's for ex reserves jump to $115.49 bn

SOUTH KOREA - The nation's foreign exchange reserves hit a fresh high of $115.49 billion at the end of July, up $3.05 billion from the end of June, the Bank of Korea (BOK) reported yesterday.

The central bank attributed last month's rise in foreign reserves to a collection of foreign currency deposits from financial institutions, coupled with profits from foreign asset management.

The central bank said the nation's foreign exchange reserves consisted of $95.62 billion in negotiable securities,