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South Korea’s Foreign Reserves Decline to $290.2 Billion

Dec. 2 (Bloomberg) -- South Korea’s foreign-exchange reserves declined in November from a record, dented by drops in the value of the yen and the pound against the dollar.

Reserves shrank to $290.2 billion from $293.4 billion in October, the Bank of Korea said in a statement in Seoul today.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Chris Anstey at canstey@bloomberg.net

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