South Korea's foreign reserves rose for the second consecutive month in August, reaching $415.92 billion by the end of the month, as reported by the Bank of Korea. The increase was attributed to the growing value of non-US dollar assets and investment gains. The dollar index, which measures the value of the greenback against major currencies, dropped 3.1 percent, leading to a rise in the value of non-dollar assets. Foreign reserves consist of various components, including securities, deposits in foreign currencies, IMF reserve positions, special drawing rights, and gold bullion. Foreign securities, such as US Treasuries, accounted for 88.8 percent of the total reserves, reaching $369.44 billion by the end of August. South Korea ranked as the world's ninth-largest holder of foreign reserves as of the end of July. The country's foreign reserves saw an increase of $2.41 billion from the previous month, with the central bank highlighting the positive impact of the weak greenback on the value of non-dollar assets. Despite a slight decrease in the value of deposits, the overall trend in foreign reserves was upward, driven by the performance of non-US dollar assets and investment returns.