Korea's foreign exchange reserves suffer biggest drop since 2008 crisis
Korea's foreign exchange reserves fell at the fastest pace since the 2008-09 global financial crisis, adding to concerns of another possible economic emergency in the midst of other worsening economic indicators. According to the Bank of Korea (BOK), Thursday, the foreign exchange reserves shrank to $416.77 billion in September from $436.43 billion in August. The $21.8 billion decline marked the sharpest month-on-month fall in the foreign exchange reserves since October 2008, when they shrank by a record $27.42 billion in the midst of the global financial crisis.
Source: koreatimes.co.kr
