Won

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Won

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Hyundai posted a revenue of 21.94 trillion Korean won ($20.56 billion) in the October to December period, a three per cent fall from a year earlier.
It sticks to the principle of keeping the appreciation of the NT dollar lower than that of Korean won. Since the end of June, the NT dollar had appreciated 1.59% against the greenback as of yesterday, compared with 2.79% appreciation of Korean won.
The bank can hedge its long dollar position by borrowing in dollars, and then investing the proceeds in Korean won, thereby hedging the long dollar forward position with a carry trade position in the Korean won.
Customers are eligible to recover provisional deposits of up to 20 mln Korean won ($17,393) each until November.
($1 = 1050.850 Korean Won) (Editing by David Chance and Simon Webb)
These included the requirement for KRX members to set daily order limits for each of their qualified institutional clients based on their total assets, size of assets under management and credit worthiness, as well as the need for pre-trade margin deposits for qualified institutional investors with less than 500 billion Korean won (US$443 million) in total assets or financial investment managers with less one trillion won in collective investment assets.
Amounts in Korean Won (KRW) are translated into US Dollars (USD) at the average rate of the three-month period in each corresponding quarter: KRW 1,291 per USD (2009 Q2), KRW 1,409 per USD (2009 Q1, QoQ) and KRW 1,016 per USD (2008 Q2, YoY).
Korean Air Lines said Thursday its first quarter loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Asian Development Bank President Haruhiko Kuroda on Friday denied the possibility that a critical situation akin to the 1997-1998 currency crisis in the region will occur in the near future, despite the recent falls of the South Korean won and other Asian emerging currencies against the U.S.
He delivered the government's clear stance on foreign investors' major concerns over high oil prices, strong Korean Won, alleged anti-foreign investment sentiment and FTA prospect.
COMPARED TO THE currencies of other economically leading countries, the Korean won is the cheapest currency.
The South Korean unit of General Mills reportedly plans to invest 40 billion Korean won ($38.4 million) over the next five years to expand its chain of Haagen-Dazs ice cream stores to 200 outlets by 2009.

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