Foreign Exchange Reserves Drop $800 Million in One Month

South Korea's foreign exchange reserves decreased by $880 million in May. As of the end of May, total foreign exchange reserves stood at $426.99 billion, largely attributed to market interventions aimed at stabilizing the exchange rate.

After a steady increase since December last year, reserves saw a turnaround in April but shifted to a decline in May.

Gold reserves remained unchanged at $4.79 billion from the previous month.