KOSPI Surpasses 2,900 Intraday... KOSPI 5,000 Era Begins [3-Minute Brief]

① President Lee visits Korea Exchange... KOSPI surpasses 2,900 for the first time in 3 years and 5 months
② Semiconductors, automobiles, and ships drive growth in key export items
③ U.S. and China implement Geneva Agreement... "Framework" agreed

MARKET INDEX

○All three major U.S. stock indices closed lower in New York.
○A "pause" mood prevailed amid declines in tech stocks.
○May CPI rose 2.4%, coming in below expectations.

TOP 3 NEWS

■ KOSPI touches 2,900... President Lee visits the Exchange

○KOSPI surpasses the 2,900 mark for the first time in 3 years and 5 months
○Determination to usher in the KOSPI 5,000 era
○Emphasis on restoring fairness in the capital market

■ Unstable export growth... Up 5.4% thanks to strong semiconductors

○Korea Customs Service, June 1-10 export and import figures
○Exports to the U.S. up 3.9%
○Government says, "We need to monitor the situation until the end of the month."

■ U.S.-China Geneva Agreement Implementation 'Framework' Agreed... "Rare earth export restrictions to be lifted"

○First high-level meeting in London since the ceasefire
○Expectations for lifting rare earth and semiconductor export controls
○To be implemented upon approval by Trump and Xi Jinping

Graphic News: Won-Dollar Exchange Rate Drops 100 Won in 3 Months?Will Further Decline Depend on the U.S.?

○Average won-dollar exchange rate in June: 1,364.3 won
○Back to the level of last October... Gradual decline expected
○Attention on U.S. tariffs, exchange rate talks, fiscal concerns, and rate cuts

Money-Making LAW

■ Yellow Envelope Act, Inclusive Wage, and 4.5-Day Workweek?No "Martial Law-Style" Introduction, but Preparation Needed

○How far does collective bargaining responsibility go?
○Step-by-step introduction of the 4.5-day workweek
○Inevitable overhaul of labor management systems 
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025061115462026595

■ Special prosecutors launched, more legislation... Law firms anticipate new government opportunities

○Three special prosecutors launched simultaneously right after the new administration took office
○Accelerated major regulatory legislation, including the Commercial Act and Yellow Envelope Act
○Law firms busy with corporate client advisory requests and criminal response inquiries
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025061115490137612

■ "Livelihood Cases"?Will MBK and Homeplus Investigations Pick Up Speed?

○Full-scale investigations into MBK and Homeplus
○Controversy over rehabilitation filing after credit downgrade
○Prosecutors increase pressure amid delays in rehabilitation
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025061115511958774

* "Money-Making LAW," a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

○International

02:00 U.S. 10-year Treasury auction

03:00 U.S. Federal Budget Balance (May)

08:50 Japan Large Manufacturers' Business Survey Index (Q2)

15:00 UK GDP (MoM) (April), Industrial Production (MoM) (April)

17:00 Germany Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) (June)

21:30 U.S. Initial Jobless Claims, Producer Price Index (MoM) (May)

◇Lunch & Commute Weather

○Lowest temperature: 16°C (▲15°C) ｜Highest temperature: 30°C (▲28°C)
○Precipitation probability: 0% in the morning｜0% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

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