FX.co ★ South Korean Won Remains Under Pressure

The South Korean won traded around 1,545 per dollar, hovering near its lowest level in more than three weeks as sustained foreign equity outflows continued to pressure the currency. Overseas investors offloaded a record KRW 7.7 trillion in KOSPI shares in the previous session, marking a seventh straight day of net foreign selling.

Sentiment was further dampened by weak domestic data. South Korea’s industrial production slipped 0.3% in May, while semiconductor output fell 10%, reflecting shipment adjustments and base effects.

At the same time, investors closely monitored geopolitical developments after the United States and Iran agreed to resume diplomatic talks, easing fears of potential disruptions to oil supply and supporting global risk appetite. Over the month of June, the won weakened by more than 2% against the US dollar.