Forex reserves gain fails to boost won
SEOUL - The rebound of South Korea's foreign exchange reserves in December might not be enough to safeguard the Korean won against further downward pressure, say analysts.
Korea's official foreign exchange reserves turned the tables on an eight-month losing streak last month, gaining $720 billion to reach $201.22 billion, up from $200.51 billion in November.
On January 5, Bank of Korea, the country's central bank, attributed the FX increase to a rise in operating profits on foreign reserves and
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