Seoul:South Korea's foreign reserves decreased in September, marking the end of a three-month rising trend, attributed to a drop in foreign currency-denominated assets, as announced by the central bank on Tuesday.

According to Yonhap News Agency, the Bank of Korea reported that the country's foreign reserves were $440.56 billion at the end of September, reflecting a $1.72 billion decrease from the previous month.

The central bank explained that the decline was primarily due to a reduction in foreign currency deposits held by financial institutions. Foreign securities, including U.S. Treasuries, saw a decline of $1.05 billion, bringing their value to $386.03 billion, which constitutes 87.6 percent of South Korea's total foreign reserves.

Additionally, the value of foreign currency deposits dropped by $350 million to $29.95 billion, while special drawing rights (SDRs) decreased by $290 million to $15.77 billion. Meanwhile, gold bullion holdings remained steady at $4.79 billion.