Bank of Korea Resumes Gold Purchases After 13-Year Hiatus

The Bank of Korea (BOK) has made a significant shift in its reserve management strategy by resuming gold purchases for the first time in 13 years.

According to Korean media, the central bank has already begun investing in overseas-listed spot gold exchange-traded funds (ETFs) and is preparing a framework to purchase domestically produced gold in the near future.

This move indicates that the BOK is diversifying its reserve portfolio and may be looking to reduce its reliance on other assets, such as currencies or bonds. The exact details of the plan are not yet clear.