The South Korean won strengthened to its highest level since 11 May, reaching 1,471.1 won per dollar during Tuesday afternoon trading before closing at 1,474.3 — a gain of 5 won on the day. The currency was supported by continued foreign investor appetite for South Korean equities, with overseas buyers purchasing a net 295 billion won (approximately $199 million) in local stocks, while analysts noted that SK Hynix (South Korea's leading memory chipmaker) converted part of the proceeds from a recent Nasdaq share offering into won, adding further upward pressure. The developments extend a broader market recovery: the benchmark Korea Composite Stock Price Index (KOSPI) rose 3.56 percent to close at 6,474.95 points on the day.