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S. KOREA'S FOREIGN RESERVES RISE IN APRIL.

AsiaPulse News

| May 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, May 3 Asia Pulse - South Korea's foreign exchange reserves rose for a second consecutive month in April as the weaker value of the U.S. dollar boosted the dollar-conversion value of non-dollar assets, the nation's central bank said Wednesday.

According to the Bank of Korea (BOK), the nation's foreign reserves increased by US$5.6 billion to $222.9 billion as of the end of last month from a month earlier. The reserve had risen by $1.39 billion in March.

"Along with rising investment profits, the weaker value of the U.S. dollar boosted the ...

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