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South Korea's Official Foreign Reserves Increase in April

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-- South Korea's foreign reserves grew by $4.2 billion to $427.9 billion in April from $423.7 billion as of the end of March, Bank of Korea data showed on Thursday.

The country's official foreign reserves consisted of securities amounting to $384.1 billion, deposits of $18.8 billion, special drawing rights of $15.8 billion, gold worth $4.8 billion, and the country's IMF position at $4.5 billion.

South Korea's foreign reserve holdings ranked the 12th largest globally as of the end of March, the central bank said.

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