KOSPI Eyes 10,000... VC 'Exit Cliff' Amid Frozen IPO Market [1-Minute Brief]

[At a Glance]
① [Market] Fewer IPOs, KOSDAQ Underperforms... VC Performance Fees Plummet
② [Commodities] Despite a 30% Drop in International Oil Prices... Gas Prices Still Above 2,000 Won
③ [Defense Industry] Intensifying U.S.-China Tensions... China Simultaneously Sanctions 56 U.S. Companies

MARKET INDEX : Year to date

TOP 3 NEWS

■ KOSPI Eyes 10,000…'Frozen IPO Market' Leaves Half of Listed VCs Unable to Recover Investments in Q1

○ Of 17 companies, 8 did not recover any funds from their funds
○ Number of VCs with zero annual performance fees is on the rise
○ Difficult structure for exits due to tightened IPO market

■ "Will Gas Prices Finally Drop?" Rushing to Gas Stations, But Still in the 2,000 Won Range – Here’s Why

○ Typically a 2–3 week lag in reflecting international oil prices
○ Domestic price illusion caused by government-imposed 'price ceiling'
○ Concerns over possible 'transit fee' increases at Iran's Strait of Hormuz

■ China Imposes Mass Sanctions on U.S. Defense, Drone, and Rare Earth Companies: "Seems to be Retaliatory"

○ U.S. Department of Defense adds Alibaba and others to the 'blacklist'
○ Retaliatory measures forecasted, but actual impact seen as limited
○ China’s Ministry of Finance bans 46 U.S. companies from government procurement

Money-Making Law

■ Internal Disagreements, Unusual Reassignment… 'MBK·Homeplus Investigation' Drags On for a Year

○ Differences of opinion between the chief prosecutor and investigation team on case resolution
○ Unusual reassignment at the final stage of the investigation
○ Prolonged case impacts rehabilitation proceedings
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2026062216021532217

■ Current Management? Third Party? Joint? Who Will Be the Administrator for the Five Central Group Companies?

○ Legal circles say "a third-party administrator could be appointed"
○ Administrator may be replaced in cases of asset misuse or poor management
○ Hearing for the representative of the rehabilitation case scheduled for the 23rd
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2026062216021936692

■ Bank’s 'Objection Rejection Text' … Court Says "Not an Administrative Disposition"

○ Bank rejected objection to payment suspension
○ Financial firms determine whether an objection is valid
○ Promptness alone does not justify it as an administrative action
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2026062216022340617

* 'Money-Making Law,' a content partnership between The Asia Business Daily and Law Times, is published every Tuesday and Thursday.

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This content was produced with the assistance of AI translation services.