Doha: South Korea's foreign reserves rose for the second consecutive month in July, led by increased investment returns and new issuance of foreign exchange stabilization bonds, the South Korea's central bank said Tuesday. The country's foreign reserves had stood at $411.33 billion as of end-July, up $1.13 billion from a month earlier.

According to Qatar News Agency, foreign securities, such as US Treasuries, had been valued at $365.1 billion as of end-July, up by $6.56 billion from a month earlier. They accounted for 88.8% of foreign reserves. The value of deposits sank 19.93% on-month to $21.25 billion, while special drawing rights (SDRs) fell 1.19% to $15.71 billion. Gold bullion remained unchanged at $4.79 billion.

The country's International Monetary Fund (IMF) reserve positions had gained 1.12% to stand at $4.52 billion as of end-July, the data showed.