The South Korean won that closed yesterday's trading at 1318.60 against the dollar declined to a 5-day low of 1362.10 during Asian deals on Wednesday. The next downside target level for the Korean currency is seen at 1391.3.

A report released by the Ministry of Knowledge Economy and the Korea Plant Industries Association revealed that industrial plant orders plunged 61.3% year-on-year during the first quarter of 2009 to US$ 4.9 billion from US$11.2 billion reported last year, as businesses and government tightened spending amid the global economic crisis.

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