Capital Markets & IPO Pipeline: The Korea Exchange is reviewing a plan to let companies preparing to list enter a new top-tier “Select” segment on KOSDAQ directly from next year, but stricter growth/profit and market-cap standards mean only a small number of firms may qualify. Semiconductors & FX Spillover: The won strengthened at its fastest monthly pace since 2009, helped by dollar inflows tied to SK hynix’s Nasdaq ADR offering. Rail & Construction Demand: The Fair Trade Commission approved the KORAIL-SR merger, clearing the way for an integrated high-speed rail system and potential KTX fare cuts. AI Market Mood: South Korea’s chip-led stock swings are drawing fresh scrutiny after July volatility and margin trading losses, with investors reacting to AI spending expectations. Energy & Materials: South Korea and Argentina agreed to deepen critical-minerals cooperation across the lithium value chain, while President Lee’s tour also focused on AI and energy deals. Weather Risk to Industry: Yangsan hit 42.5°C, the highest on record, as heatwave alerts rise—an immediate hit to outdoor work, logistics, and heat-sensitive production. Consumer & Food Supply Chains: McDonald’s Korea ended a corn burger early after stone complaints, despite heavy use of local Chungju corn.