Won Drops to Six-Month Low on North Korea Threat; Bonds Advance

Won Drops to Six-Month Low on North Korea Threat; Bonds Advance

Woohae Cho/Bloomberg

“Tensions have escalated on the Korean peninsula after North Korea’s threats to resume its nuclear site, damping demand for the won,” said Son Eun Jeong, analyst at Woori Futures Co. in Seoul. “Some exporters may look to sell dollars from their income earned overseas.”