KOSPI Lacks Momentum, Fails to Recover 7,000 Points as Semiconductor Gains Reversed [1-Min Brief]

[At a Glance]
1. [Market] KOSPI Opens Higher on Gap Up, Ends Flat as Semiconductor Gains Reversed
2. [Commodities] U.S.-Iran Tensions and Red Sea Blockade Threat Send Oil Prices Soaring Again
3. [Defense] KF-21 System Development Completed, Eyes on First Exports Beyond Indonesia Factor

MARKET INDEX : Year to date

TOP 3 NEWS

■ KOSPI Fails to Recover 7,000 Points After 5% Surge, Ends Lower

○Buy-side sidecar triggered
○Gains reversed in the afternoon
○KOSDAQ also turned negative after initial rise, closing slightly lower 

■ Trump: "Iran's Nuclear Facilities To Be Attacked Soon, Houthis Also Targeted"… Oil Hits 5-Week High

○'Pickaxe Mountain' emerges as new target for attacks
○Houthi rebels: "Unloading banned at Saudi ports"
○International oil prices reach 5-week high, surpassing $90 per barrel 

■ KF-21 Development Completed… What's Next for Exports?

○KF-21 'Boramae' completes 10 years of development
○Air Force to introduce about 120 units by 2032, replacing F-5s
○Indonesia, Saudi Arabia, UAE, the Philippines among potential export destinations 

Money-Making Law

■ 15 Years Since Legal Market Opening… Foreign Law Firms Still Struggling

○Growth stalled for foreign law firms after initial market opening
○Foreign firms struggle to grow due to the competitiveness of domestic law firms
○Japanese market also saw local firms strengthening after liberalization
☞View article: https://www.asiae.co.kr/article/lawtimes/2026072214191705795

■ Will the '7-Year Legislative Gap' on Abortion Law Be Addressed?

○President orders review of allowing Mifegyne (abortion pill)
○Legislative vacuum on abortion law persists for the seventh year since the constitutional nonconformity ruling
○Attention on National Assembly's handling of abortion bill under review
☞View article: https://www.asiae.co.kr/article/lawtimes/2026072214261150010

■ Director Appointment: Internal or External? Special Financial Crime Unit Composition Looms as Last-Minute Variable

○Financial Supervisory Service's special investigation unit in final stages of preparation
○Focus on the appointment process for the unit's chief director
○Attention on control of major financial crime investigations
☞View article: https://www.asiae.co.kr/article/lawtimes/2026072214293672390

※ "Money-Making Law", a joint content section between The Asia Business Daily and Law Times, is featured every Tuesday and Thursday.

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