South Korea's foreign exchange reserves fell to the lowest level in five years at the end of April.

On May 8, the Bank of Korea released statistics on foreign exchange reserves, showing that as of the end of April, South Korea's foreign exchange reserves stood at $404.67 billion, a decrease of $4.99 billion from the previous month, marking the lowest level since April 2020 and the largest monthly decline since April 2024. The Bank of Korea stated that one of the factors contributing to the decrease in foreign exchange reserves was the foreign exchange forward transactions with the South Korean pension fund, which aimed to temporarily reduce the demand for US dollars in the foreign exchange market.