South Korean Won Falls Most in a Month; Finance Minister Predicts Decline

(Bloomberg) -- The South Korean won declined the
most in more than a month after Finance Minister Kim Sung Jin
said the currency is poised to drop from its strongest since
1997 as the current-account surplus shrinks.

``The won is overly highly valued and that's the view
shared among the government, the Bank of Korea,'' and other
research agencies, Seoul-based Kim said in a phone interview
yesterday. ``The chance of currency depreciation is greater than
for appreciation.''


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