The won traded within 0.6 percent of a two-year high as a stronger Japanese yen eased concern authorities in export-dependent South Korea will intervene to weaken the currency. Government bonds fell.
At a job interview for Starbucks Coffee Korea Co., Jeong Eun Suk watched two women break down in tears of joy at being given the chance to work. They had quit to raise children, a path in South Korea from which there are few ways back.
"While we maintain our view of no policy rate changes for the remainder of this year, we see an incremental increase in the risk of a surprise rate cut in the third quarter of 2014."
- Kwon Goohoon on Jul 09, 2014