▲ Bank of Korea
The Bank of Korea (BOK) disclosed that it held more than 350 billion won worth of gold exchange-traded funds (ETFs) in the second quarter of this year.
In a filing with the U.S. Securities and Exchange Commission (SEC) on the 12th (local time), the BOK announced that it held 679,765 shares of the SPDR Gold Shares (SPDR Gold Trust), a gold ETF listed on the U.S. stock market.
The evaluation value at the end of the second quarter was 250.41 million U.S. dollars (approx. 355 billion won).
While the specific timing of the purchase was not mentioned, the ETF was not held at the end of the first quarter.
The price of this ETF currently stands at around 404.9 dollars per share, having rebounded this month after falling to the 360-dollar range in mid-July.
This marks the BOK's first investment in gold in 13 years, following the purchase of 20 tons of physical gold in 2013 under then-Governor Kim Choong-soo.
Gold ETFs are classified as securities separately from physical gold and are included in foreign exchange reserves.
On the 3rd, the Foreign Exchange Reserves Management Department of the BOK announced its plan to purchase domestically produced gold for export, while also disclosing that it had purchased gold ETFs during the second quarter.
The timing for resuming physical gold purchases remains undecided.
(Photo: Yonhap News)
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