The Korean won rose against the greenback on Thursday after the U.S. Federal Reserve hinted it would raise its key interest rate at a slower than expected pace.<br />The won closed at roughly 1,120, up 12-point-7 won since the previous session.<br />The strong close came on expectations that the Fed could hike its key rate this year.<br />But Fed Chair Janet Yellen says growth in the U.S. is still weak, indicating a rate hike might not come as soon as market experts expect.