The Bank of Korea's Gold Reserves Drop from 32nd to 36th Place in 10 Years

As of the End of Last Year, 104.4 Tons of Gold Reserves Held

▲Gold bar (AP=Yonhap News)

The Bank of Korea has not purchased additional gold since 2013, resulting in its gold holdings ranking dropping from 32nd to 36th worldwide over the past decade.

According to the World Gold Council report on the 19th, as of the end of last year, the Bank of Korea held 104.4 tons of gold, ranking 36th among central banks globally.

The proportion of gold in total foreign exchange reserves is 1.7%.

The Bank of Korea purchased an additional 40 tons in 2011, 30 tons in 2012, and 20 tons in 2013, and has maintained a total of 104.4 tons for the past 10 years until last year.

Accordingly, the Bank of Korea's gold holdings ranking gradually declined from 32nd at the end of 2013 to 36th at the end of 2022.

A Bank of Korea foreign exchange operations official explained, "We do not currently consider purchasing gold from an asset allocation perspective," adding, "There is no particular problem caused by having a small amount of gold holdings."

At the end of last year, the United States held the largest amount of gold at 8,133.5 tons, followed by Germany (3,352.6 tons), Italy (2,451.8 tons), France (2,436.9 tons), and Russia (2,332.7 tons).

This content was produced with the assistance of AI translation services.