Former President Yoon Suk-yeol was sentenced to one year and six months in prison with a three-year suspended sentence and invalidation of his election on the 27th in the first trial on charges of publishing false information during the 20th presidential election process. Judge Cho Sun-pyo, the presiding judge at Seoul Central District Court, found him guilty of violating the Public Official Election Act in the ruling. If this sentence is confirmed by the Supreme Court, the People Power Party will face an unprecedented situation where it must return 397 billion won in presidential election expenses to the National Election Commission.
As the political situation froze momentarily, President Lee Jae-myung strongly emphasized the principle of "free and fair trade order" on the 27th (local time) during his state visit to Brazil in response to new U.S. tariff movements. President Lee expressed a critical stance toward the U.S. tariff imposition policy utilizing Article 301 of U.S. trade law and stressed the need to strengthen the World Trade Organization (WTO).
The domestic stock market showed limited gains on the KOSPI despite positive factors from related companies such as Samsung Electronics and SK Hynix amid expectations of a "Korea-U.S. AI alliance," due to the aftermath of Chinese memory chip maker Changxin Memory Technologies' (CXMT) market debut. This suggested the impact of intensifying competition in the global semiconductor market and Chinese variables on the domestic economy.
Meanwhile, Prime Minister Han Seung-soo expressed "heavy responsibility for real estate issues" at the real estate policy public debate held on the 27th and demonstrated the government's strong will to resolve the matter. On the same day, the National Election Commission began reviewing appeals related to the June 3 local elections and announced it would reach a conclusion by next month, drawing attention from local political circles.