(Bloomberg) -- South Korea's won headed for a
second weekly gain on speculation overseas investors will put
more money into the nation's assets.
Demand for the currency may increase after overseas
investors took 48 percent of the shares sold by the government
in Woori Finance Holdings Co., the nation's third-largest
financial firm. State-run Korea Deposit Insurance Corp.
yesterday sold 5 percent of Woori Finance, raising $989 million.
The won today reached the highest in almost 10 years to the yen.
Read more at Bloomberg Currencies News
second weekly gain on speculation overseas investors will put
more money into the nation's assets.
Demand for the currency may increase after overseas
investors took 48 percent of the shares sold by the government
in Woori Finance Holdings Co., the nation's third-largest
financial firm. State-run Korea Deposit Insurance Corp.
yesterday sold 5 percent of Woori Finance, raising $989 million.
The won today reached the highest in almost 10 years to the yen.
Read more at Bloomberg Currencies News
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