Feb. 2 (Bloomberg) -- South Korea’s foreign-exchange reserves rose in January as the euro and pound strengthened against the dollar and the central bank made gains by managing assets.

Reserves climbed by $4.94 billion to $311.3 billion at the end of January from a month earlier, the Bank of Korea said in a statement today.

--Editor: Shinhye Kang, Brett Miller

To contact the reporter on this story: Jiyeun Lee in Seoul at jlee1029@bloomberg.net

To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net