South Korea's finance ministry said on Tuesday that heavy dollar sales by major
chipmakers and shipbuilders in the forwards market have improved conditions in
the foreign-exchange market. The ministry said that, supported by a record trade
surplus and other strong fundamentals, it expects a structural shift in FX
supply-demand conditions in H2. The won rose 0.75% to 1,486.30 per dollar on
Tuesday, its strongest level since May 12.
