Why South Korea’s Won Is Weak Despite An AI-Driven Stock Boom

A global AI boom has turbocharged demand for chips from South Korea’s tech giants, including SK Hynix Inc. and Samsung Electronics Co., helping to drive the country’s benchmark Kospi stock index up more than 150% over the past year. Yet despite the Kospi outpacing every other major equity market in the world, the South Korean won remains one of Asia’s weakest currencies.