The Bank of Korea said that foreign exchange reserves rose to a record high in November. Foreign reserves recorded $270.89 billion at the end of November compared with $6.7 billion in October, worth mentioning that foreign reserves rose to the highest since 1950 when the bank began to compile related data.

The surge in South Korea's foreign reserves came as a weak U.S dollar boosted the conversion value of assets in other currencies, while investment profits rallied. Yet, the Korean woon gained 35% against its American counterpart since March when it hit an 11 year low which helped in increase the conversion value of assets to other currencies.