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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 ...