South Korean Won Gains as Worries About Greece Eases

The South Korean won rose today against the US dollar as speculations that Greece will receive aid increased demand for higher-yielding assets.

The South Korean Kospi index rose 2.3 percent as Asian stocks gained.
Jean-Claude Juncker, Prime Minister of Luxembourg, said that European Union officials will make decision on a new bailout for Greece by the end of June. South Korea’s factory production rose 6.9 percent in April from a year ago, posting the smallest growth in seven months.

USD/KRW fell to 1,079.25 from 1,080.25 today as of 21:09 GMT.

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