SEOUL: The South Korean won edged up by midday on Friday as it found support from exporters' dollar sales and corporate demand for won after trading nearly flat earlier in the session.
The local currency was quoted at 1,122.8 against the dollar as of 0240 GMT, up 0.3 percent from Thursday's domestic close at 1,126.3.
"We're seeing more exporters than importers in the market right now as the won briefly dipped this week," said a local bank dealer in Seoul.
"However, seeing as the won is showing little movement, the currency will be trapped near this level all day."
South Korean exporters were seen selling dollars while news that Daewoo Shipbuilding had won a $591 million drillship order also sparked some unwinding of long dollar positions, traders said.
The benchmark Korea Composite Stock Price Index was nearly flat at 1,876.02 points.
September futures on three-year treasury bonds ticked up 0.02 points to trade at 105.81.
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