South Korea's foreign reserves increased by over four billion dollars last month to rebound for the first time in four months.

According to the Bank of Korea(BOK) on Tuesday, the nation's foreign currency reserves stood at 417 billion dollars as of the end of November, up four-point-21 billion dollars from a month earlier to snap the contraction that began in August.

The BOK attributed the rise to gains in investments and an elevated value of non-dollar assets with a depreciation of three-point-two percent in the U.S. currency last month.

As of the end of October, South Korea was the world's ninth-largest holder of foreign exchange reserves, with China topping the list at over three trillion dollars followed by Japan, Switzerland and India.