"They Said '10,000 Points Is Coming'... Securities Firms Belatedly Lower Kospi Targets [1-Minute Brief]"

[At a Glance]

① [Market] Kospi falls... Securities firms cut target prices

② [Commodities] International oil prices plunge over 5% on hopes of easing Middle East tensions

③ [Defense] Ministry of National Defense: "Year of OPCON transfer could be decided at this year's SCM"

MARKET INDEX : Year to date

TOP 3 NEWS

■ The Embarrassment of 10,000 Points... Securities Firms Quietly Lowering Their Kospi Targets

○Securities firms are lowering their Kospi upper limits considering rising interest rates.
○Short-term lows could reach 5,500; the index may remain in a sideways trend for a while.
○Many foreign institutions still have a positive view on the Kospi.

■ U.S. says "Hormuz transit agreement imminent"... International oil prices plummet into the $70 range

○U.S. Treasury Secretary: "Agreement may be reached today or tomorrow."
○"Iran and Oman expected to jointly manage the Strait of Hormuz."
○Brent crude drops 5.3%, WTI plummets 5.7%.

■ Timing of OPCON Transfer to be Decided Within This Year

○Ministry of National Defense: "Continuing discussions on OPCON transfer with the U.S. through various channels... Some evaluations during UFS as well."
○Work report: "Roadmap will be completed this year... Decision on the year of transfer possible during SCM."
○"One-phase adjustment of troop size for 2030... Total national defense personnel to be maintained at around 500,000 by 2040."

Money-Making Law

■ KFTC's Penalty Crackdown Keeps Law Firms Busy

○Administrative fines in the first half reach 1.7502 trillion won, the highest ever.
○Law firms are actively hiring experts from both the Korea Fair Trade Commission and industry.
○"Need to strengthen internal controls, not just rely on post-response."

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026080514443304936

■ Seoul Southern District Court Adds Two Criminal Courtrooms

○Focus on strengthening trials related to violations of the Capital Markets Act.
○Aimed at managing vast trial records and complex issues.
○New criminal panel and jury trial courtrooms to be established.

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026080514554557830

■ "Acted as 5 Billion Won Investor, Embezzled 40 Million Won in Balance Certificate Fees"—Sentenced to Four Months in Prison

○Charged with fraudulently receiving 40 million won in fees.
○Courts determined there was no intent or capacity to fulfill the transaction from the start.
○Supreme Court dismissed the appeal—final sentence: four months in prison.

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026080514585479785

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

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