The South Korean currency continued to rise against the Japanese yen on Wednesday, extending its gain to the fourth consecutive day and raising worries that it could hurt the competitiveness of domestic firms, particularly in the steel, tech and auto sectors.
The Korean won rose to 967.00 won per 100 yen as of 10:55 a.m., up 1.86 won from the previous session's close, the highest it's been since 964.23 won on Aug. 25, 2008.