South Korea’s foreign exchange reserves topped 380 billion U.S. dollars for the first time ever.
 
The Bank of Korea said Wednesday that the nation’s foreign reserves stood at nearly 380-point-six billion dollars as of the end of last month, up two-point-one billion dollars from May.
 
The nation’s foreign reserves saw growth for four consecutive months before posting a record high in May. The June figure broke that high to post a new record for the second consecutive month.
 
The central bank attributed the record figure to gains from foreign currency-denominated assets and a weak U.S. dollar.
 
As of the end of May, South Korea ranked ninth in terms of the amount of foreign exchange reserves in the world. That’s down one notch from the end of April.