The South Korean won appreciated for the second day in a row on Friday after the U.S. Federal Reserve hinted on Wednesday that it may raise the key interest rate twice, instead of four times, this year.

The value of the local currency strengthened ten-point-eight won against the greenback to one-thousand-162-point-five won. It is the first time in 12 weeks that the won closed at the one-thousand-160 level.

On the stock market, the benchmark Korea Composite Stock Price Index(KOSPI) advanced four-point-13 points, or zero-point-21 percent, to one-thousand-992-point-12. 

The secondary KOSDAQ added three-point-53 points, or zero-point-51 percent, to 695-point-02.