SEOUL (Bloomberg) — South Korea's foreign-exchange reserves rose to a record in October, helped by gains in the value of the yen and the pound.

Reserves climbed to $293.4 billion from $289.8 billion in September, the Bank of Korea said in a statement in Seoul today. Gains from special drawing rights also boosted the reserves, the central bank said.

The SDR is an international reserve asset created by the International Monetary Fund in 1969. It can be exchanged for freely usable currencies.