South Korean Won `Overshooting,' Kim Says, Triggering Slump in Currency

(Bloomberg) -- The South Korean won declined the
most in more than a month after Deputy 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 has risen for the past six weeks, the longest
winning streak since January, as economic growth accelerated
last quarter and Moody's Investors Service raised the nation's
credit ratings. A dwindling current account surplus, the
broadest measure of trade, may result in less demand for the
currency.


Read more at Bloomberg Currencies News