South Korea’s foreign exchange reserves rose to $427.9 billion at the end of April 2026 from $423.7 billion in the previous month. The increase came despite dollar injections to defend against high exchange rates, driven by investment returns and a higher dollar-converted value of other currency assets. Broken down by asset, securities such as government bonds and corporate bonds increased to $384.1 billion (vs $377.7 billion in March). Deposits fell to $18.8 billion (vs $21.1 billion), while Special Drawing Rights (SDR) with the International Monetary Fund (IMF) rose to $15.8 billion (vs $15.6 billion). Gold stood at $4.8 billion, unchanged from the previous month, as it is recorded at the purchase price rather than market value, as well as the IMF reserve position, remaining at $4.5 billion. As of March, South Korea ranked 12th globally in foreign exchange reserves.