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Bank of Korea Considers Gold Purchases After Extended Break
By Jack Farchy and Yihui Xie — October 28, 2025, at 5:04 AM UTC
The Bank of Korea is contemplating the addition of gold to its reserves for the first time in over ten years. This potential move aligns with a global trend where central banks are increasing their gold holdings, contributing to a surge in gold prices to unprecedented levels.
Heung-Soon Jung, the director of the Reserve Investment Division at the Bank of Korea’s Reserve Management Group, stated, “The Bank of Korea plans to consider additional gold purchases from a medium- to long-term perspective.” The last recorded increase in the bank’s gold reserves occurred in 2013, which Jung highlighted during an event organized by the London Bullion Market Association and the London Platinum and Palladium Market in Kyoto on Tuesday.
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Source: Original