S. KOREAN WON CONTINUES TO DECLINE

S. KOREAN WON CONTINUES TO DECLINE

The South Korean won fell against the U.S. dollar Thursday for the fourth day in a row. The fall was due to better liquidity conditions at South Korean business firms and a stronger U.S. dollar overseas, dealers said.

The won closed at 698.5 per dollar, compared with 697.8 on Wednesday."Liquidity conditions at South Korean corporates are better than expected," a dealer at a foreign bank said, "which means that they hold U.S.

dollars."

Foreign exchange dealers forecast the won to stabilize at the 698-per- dollar level by the end of this month.

Dealers expect trading volume to reach about $130 million, down from $149.5 million on Wednesday.