(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series
South Korea: Foreign exchange reserves including gold, billion USD
For that indicator, we provide data for South Korea from 1960 to 2019. The average value for South Korea during that period was 96.79 billion U.S. dollars with a minimum of 0.13 billion U.S. dollars in 1963 and a maximum of 408.82 billion U.S. dollars in 2019.
The latest value from 2019 is 408.82 billion U.S. dollars. For comparison, the world average in 2019 based on 150
countries is 86.34 billion U.S. dollars.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The reserves of South Korea and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.