South Korea boosts gold reserves 30%; Russia, Turkey add,
Sep 25, 2012 · It turns out that some central banks are buying gold, with South Korea one of the more notable buyers. South Korea’s reserves increased nearly 30%, from 1.750 million troy ounces in June to 2.260 million troy ounces in July, or roughly 70 metric tons.How Gold Rode To The Rescue Of South Korea - Forbes,Sep 27, 2016 · The Drive for Gold. At the time, it was estimated that South Korean households held roughly $20 billion in gold, in the form of necklaces, coins, bars, trinkets, statuettes, medals, pendants,Foreign Reserves By Country - WorldAtlas,Currently, around two-thirds of the world’s reserves of foreign currency are held in Asia, particularly among the reserves of China, Japan, Taiwan, Hong Kong, and South Korea. The Importance of these Reserves. The gold reserves of a country are also very important for the security of its economy.