The Korean won weakened beyond the 1,560-per-dollar mark in overnight trading Friday and early Saturday, falling to its lowest level in 17 years as...

The won weakened sharply against the dollar on Thursday due to renewed tensions in the Middle East as the United States and Iran engaged in a fresh round of airstrikes.

S. Korea's foreign reserves fell by $880 million in May as the central bank used market stabilization measures to respond to exchange-rate pressure.

The won-dollar rate briefly topped 1,560 in overnight trading, reaching its highest intraday level in 17 years and three months amid a stronger dollar and foreign outflows.