South Korea's Won Set for Quarterly Gain on Signs Economy Is Rebounding

(Bloomberg) -- South Korea's won headed for a
quarterly gain as growth in exports suggested the economy is
rebounding from a slowdown in the first three months of the year.

The nation's current account returned to surplus in May for
the first time in three months as shipments overseas increased,
the Bank of Korea said today. The won rose to the highest in
almost 10 years against the yen last week and touched the
strongest for 2007 in May versus the dollar, with consumer
confidence the highest in 14 months.


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