Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source

SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX’s IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday.

The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions.

The source asked not to be named because of the sensitivity of the matter.