| 1 | "(Yet) If they raise the key interest rate, the won would appreciate much more sharply," he points out. | |
| 2 | If it sells dollars to buy yen or won, it risks depressing the value of the greenback. | |
| 3 | They need to enhance non-price competitiveness such as quality and design while minimizing potential losses from the won' s appreciation. | |
| 4 | South Korean media and analysts were cautiously optimistic, too, and the won currency rose against the dollar in response to the North's shift and a rising stock market index. |