The Bank of Korea has resumed its gold investments after a 13-year hiatus, purchasing gold through Exchange Traded Funds (ETFs) and planning to increase its physical gold holdings. As of June, South Korea's foreign exchange reserves stood at $427.36 billion, with gold reserves valued at $4.79 billion, representing 1.1% of the total. The central bank's entire 104.4-ton gold reserve is stored at the Bank of England. This move follows a period between 2011 and 2013 when the bank acquired 90 tons of gold. AI
RANK_REASON Central bank resuming a significant investment strategy after a long pause. [lever_c_demoted from significant: ic=1 ai=0.1]
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