The Korean won has continued to weaken despite record exports and a sustained bull run in the stock market, trading above the key psychological level of 1,500 won for nearly two months from mid-May through Tuesday. On Wednesday, the won traded in the mid-1,510 range against the dollar before gaining ground late in the session to close onshore trading at 1,498.5 won, up 29.7 won from the previous close. It was the first close below the key 1,500-won level in 37 trading days since May 14, when the currency ended at 1,491 won. The country’s monthly exports topped $100 billion for the first time on record in June, according to data released by the Ministry of Trade, Industry and Resources, while the benchmark KOSPI has been riding a historic bull run, trading in the 8,000-9,000 range, helped by an artificial intelligence-driven rally in semiconductor stocks. Conventionally, robust exports boost dollar inflows, a factor that would normally support the local currency. In addition, rising stock prices have traditionally been associated with foreign capital inflows, which in turn have support