Today's Major News: KOSPI Recovers 7,000 Level on Global Semiconductor Rally

1. Driven by a sharp, simultaneous surge in global semiconductor stocks early this morning (July 22), the KOSPI has recovered the 7,000 level. Following the sell-sidecar two days ago, a buy-sidecar was triggered for two consecutive days.

2. While the arrest warrant for the former head of the detective division at the Gwangju Gwangsan Police Station, who was in charge of the Jang Yoon-ki case investigation, has been dismissed, the joint prosecution-police investigation is now turning toward whether police leadership intervened in the probe.

3. Damage continues to mount in the Gyeonggi and Chungnam regions following torrential rain early this morning. Landslide advisories have been issued for Anseong and Pyeongtaek in Gyeonggi Province.

4. The first-instance ruling for Seoul Mayor Oh Se-hoon, who was indicted on allegations of receiving public opinion polls from political broker Myung Tae-gyun and having the costs covered by him, will be delivered this afternoon.
※ Please note: This article was translated by AI and may contain errors.