South Korean shares rose on Friday as market sentiment was lifted by the US Federal Reserve's fresh stimulus measures overnight that eased concerns over a liquidity crunch. The Korean won strengthened, while the benchmark bond yield rose.

The Seoul stock market's main KOSPI closed up 24.49 points, or 1.33%, to 1,860.70. For the week, the KOSPI gained 7.84%.

Foreigners were net sellers of 76.7 billion won ($63.02 million) worth of shares on the main board, extending the selloff to a 27th straight session. They sold around 13.9 trillion won ($11.42 billion) during the period. The won closed trading at 1,208.8 per dollar on the onshore settlement platform, 0.89% higher than its previous close at 1,219.5.

The KOSPI still has fallen 15.33% so far this year and lost 10.6% in the previous 30 trading sessions. The trading volume during the session in the KOSPI index was 981.19 million shares. Of the total traded issues of 897, the number of advancing shares was 442.