The South Korean won traded near 1,545 per dollar, remaining close to its weakest level in over three weeks as persistent foreign equity outflows continued to weigh on the currency. Overseas investors sold a record KRW 7.7 trillion worth of KOSPI shares in the previous session, extending their net selling streak to seven consecutive trading days. At the same time, South Korea’s industrial production fell 0.3% in May, with semiconductor output declining 10% due to shipment adjustments and base effects. Meanwhile, renewed diplomatic talks between the United States and Iran eased concerns over potential disruptions to oil supplies through the Strait of Hormuz, improving broader market sentiment and helping limit additional pressure on the won. For June, the KRW weakened by more than 2% against the US dollar.

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