Korean won rises SK Hynix is reported to be selling US dollars in local currency markets

On July 14, according to a trader and a government official familiar with the trading situation, the won rose as SK Hynix sold dollars in the local currency market. Against the Korean won, the US dollar fell 0.3% to 1,492.95, after previously falling 0.7% to 1,486.20, a two-month low. People familiar with the matter said HanwhaOcean sold U.S. dollar forward contracts on Friday and Monday, but has not yet sold them on Tuesday.