1. The KOSPI has reclaimed the 7,000-point mark for the first time in three trading days, buoyed by positive momentum from the United States. The market continued to show extreme volatility today (July 15), with a sidecar triggered early in the trading session.

2. The former head of the investigation team responsible for the botched probe into the case of Jang Yun-gi, who murdered a high school girl in Gwangju, has been referred to the prosecution under arrest. The prosecution is currently investigating whether there was any involvement from higher-ranking officials, including conducting a follow-up search and seizure at the Gwangju Metropolitan Police Agency.

3. The minimum wage for next year has been set at 10,700 won per hour, a 3.7 percent increase from this year.

4. U.S. President Donald Trump has reversed his remarks regarding the collection of transit fees in the Strait of Hormuz just one day later. President Trump stated, "We have decided to replace the 20 percent transit fee with trade and investment agreements to be signed with Middle Eastern nations."