South Korea’s foreign exchange reserves have increased for the first time in four months amid a weak U.S. dollar.
  
The Bank of Korea said Friday that the nation’s foreign exchange reserves amounted to 374-point-zero-four billion U.S. dollars as of late January, up nearly three billion dollars from late last year.
 
The increase was driven by a weak U.S. dollar, which has boosted the dollar-converted value of assets denominated in other foreign currencies such as the euro or yen.
 
As of late December, South Korea held the eighth largest amount of foreign exchange reserves in the world.

China ranked first with more than three trillion dollars, followed by Japan with over one-point-two trillion and Switzerland with 675 billion.

Saudi Arabia came in fourth, followed by Taiwan, Hong Kong and Russia, respectively.