Even though the foreign exchange authorities tried to defend against the rise in the won-dollar exchange rate, foreign exchange reserves increased slightly last month. According to the Bank of Korea on the 3rd, foreign exchange reserves as of the end of June were 427.36 billion dollars (about 661 trillion won). It was an increase of $370 million from the end of May ($426.99 billion). An official from the Bank of Korea said, “Despite market stabilization measures such as foreign exchange swaps with the National Pension Service, there was a slight increase due to an increase in foreign currency deposits of financial institutions...