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The South Korean won strengthened to around 1,530 per dollar, rebounding sharply after nearing its weakest level since 2009 as weaker-than-expected US June jobs data weighed on the dollar. The report reinforced expectations that the Federal Reserve could pause further policy tightening, supporting Asian currencies. South Korea also officially launched 24-hour foreign exchange trading, a landmark reform aimed at improving foreign investor access, deepening onshore market liquidity, and enhancing the won's global accessibility as authorities continue broader foreign exchange market reforms. However, the currency remained under pressure from persistent foreign equity outflows, which continued to limit the won's recovery and kept it among Asia's weakest-performing currencies this year. Investors also awaited the minutes of the Federal Reserve's June policy meeting later this week for fresh clues on the US interest-rate outlook.

The South Korean won weakened to around 1,553 per dollar, approaching its weakest level since March 2009 near 1,560 touched earlier in June, as persistent foreign selling of local equities and broad demand for the US dollar weighed on the currency. Overseas investors remained net sellers of Korean stocks for an eighth consecutive session, extending a wave of capital outflows as global funds trimmed exposure to Korean technology shares. The won also came under pressure from a firm US dollar as investors pared expectations for near-term Federal Reserve rate cuts. Meanwhile, South Korea reported record trade data for June, with exports surging 70.9% year-on-year to $102.25 billion, marking the first time monthly shipments exceeded $100 billion. The annual inflation rate also accelerated to 3.2% in June, the highest since December 2023, reinforcing expectations that the Bank of Korea could raise interest rates as early as its July 16 policy meeting.

The South Korean won traded around 1,550 per dollar, approaching its weakest level since March 2009 near 1,560 reached earlier in June, 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.