South Korea Won Climbs as Consumers More Confident; Government Bonds Drop

(Bloomberg) -- The South Korean won climbed after a
central bank report showed consumers were the most optimistic in
15 months in the second quarter. Bonds declined before a
government auction of debt today.

Growth in Korea's gross domestic product is likely to
strengthen ``gradually'' over the rest of 2007 as domestic
demand picks up, the Organization for Economic Cooperation and
Development said June 20. The won rose to a one-month high June
20, two days after the finance ministry said consumers are
supporting the expansion in Asia's third-largest economy.


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