South Korea’s foreign exchange reserves have neared 380 billion U.S. dollars as of late last month.
 
According to the Bank of Korea(BOK) on Thursday, South Korea’s foreign exchange reserves came to more than 377-point-77 billion dollars in September, up two-point-31 billion dollars from August. 

The nation’s foreign reserves have been rising consistently every month since July. It jumped by one-point-49 billion dollars in July and by more than four billion dollars in August.
 
The September jump also marked a record-high growth rate of foreign exchange reserves for the second consecutive month since August.
 
A senior BOK official said that the surge is attributed to higher profits and interests from assets held in foreign currencies. He also added that the dollar-converted value of assets denominated in the euro and other non-dollar currencies has also grown.
 
As of late August, South Korea held the world’s seventh largest foreign reserves. China came in first with over three-point-two trillion dollars, followed by Japan, Switzerland, Saudi Arabia, Taiwan and Russia.