South Korea's foreign reserves saw a third consecutive monthly increase in September, reaching $419.97 billion by the end of the month, according to data from the Bank of Korea. The rise was attributed to the growing value of non-US dollar assets and investment gains. The weakening of the US dollar in the global market contributed to the increase in the converted value of non-dollar assets, boosting the overall foreign reserves. The composition of South Korea's foreign reserves includes securities, deposits in foreign currencies, IMF reserve positions, special drawing rights, and gold bullion. Foreign securities, mainly US Treasuries, accounted for 88.9% of the total reserves, totaling $373.3 billion at the end of September. Additionally, the value of deposits increased to $22.28 billion during the same period. South Korea was ranked as the ninth-largest holder of foreign reserves globally as of August, as reported by the Bank of Korea.