The Bank of Korea on Thursday assured the country has enough foreign exchange reserves to grapple with any external shocks.

Regarding some expert views that foreign reserves are insufficient, the central bank said that all bonds in which foreign reserves are invested are safe and reliable and that there is no problem with timely liquidity in a crisis situation.

Earlier, the Korea Economic Research Institute pointed out that the country’s foreign reserves are not adequate enough to deal with a crisis.

Japanese newspaper, the Nikkei, also cited a shortage of South Korea’s foreign currency assets.

As of late November, South Korea’s foreign exchange reserves stood at 368-point-five billion U.S. dollars, the sixth largest in the world after China, Japan, Saudi Arabia, Switzerland and Taiwan.