Eight Promissory Note Issuers Shape the Market... 60 Trillion Won Era Approaching [1 Minute Brief]

[At a Glance]

① [Market] Promissory Note Market Restructuring... Securing Profitability Is Key

② [Commodities] Military Tensions Rise in the Middle East... Government Monitors Oil Supply Situation

③ [Defense] 29th ROK-US Integrated Defense Consultative Meeting... Discussion Likely on Troop Dispatch to Hormuz

MARKET INDEX : Year to date

TOP 3 NEWS

■ '60 Trillion Won Era Approaching' - Competition Among Eight Issuers of Promissory Notes: Four Companies Chasing Behind One Leader and Three Middle Players

○ The outstanding balance from seven companies is nearing 56 trillion won

○ Samsung Securities is set to launch its first product soon

○ The three new entrants have secured 3 trillion won in just six months

■ Emergency Oil Supply Check Amid Rising Middle East Tensions... Ministry of Trade, Industry and Energy to Support Freight Rate Differences Starting from September Shipments

○ The Ministry of Trade, Industry and Energy held an emergency meeting to review the oil supply situation

○ "The short-term impact on domestic oil supply is limited"

○ Strategic oil reserve swap program to be re-implemented until October, and could be extended if needed

■ South Korea and U.S. Hold High-Level Defense Talks... Troop Dispatch to Hormuz Under Discussion

○ Integrated Defense Consultative Body meeting to be held in Busan from September 16 to 18

○ Transition of wartime operational control officially on the agenda

○ Following discussions on shipbuilding cooperation, the U.S. side is expected to visit Korean shipyards as well

Profitable Laws

■ "False Judgments," "Deceiving the Court," "Serious Illegality"... Judges Outraged at 'AI Fiction' Cite These Expressions in Rulings

○ Courts issue continuous warnings against citing fake AI-generated precedents

○ In one case, 39 out of 40 cited precedents were fabricated

○ About 330,000 civil small claims cases occurred between January and July, marking a 12.7% year-on-year increase

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026091415224769578

■ If the Largest Asset Division in Korea Is Finalized, the Spouse’s Assets Will Rank Fifth Among Women

○ 35% stake in Smilegate and 2.4867 trillion won are expected to be divided

○ If finalized, will rank 16th among Korea’s stock-rich individuals and 5th among women

○ Both parties may contest, and an appeal trial is likely to follow
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026091415244776509

■ "Disciplinary Action for Private University Faculty... Their Right to Legal Counsel Must Be Guaranteed"

○ The Supreme Court rules that faculty at private universities are entitled to legal counsel

○ Disciplinary actions are invalid if a lawyer is present or if the individual refuses to testify

○ Previous ruling against the plaintiff overturned and remanded to Seoul High Court
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026091415262991582

※ "Profitable Laws," a content partnership corner between The Asia Business Daily and The Law Times, appears every Tuesday and Thursday.

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