South Korea has collapsed again, with two consecutive days of decline exceeding 2008 levels. Oil and other energy imports have been cut off, and semiconductor materials, which are their lifeline, have also stopped coming from the Middle East.

We have to say that our vast and resource-rich country is fortunate; South Korea, as an island nation, relies heavily on imports. So when the Strait of Hormuz is blocked, it feels suffocating. As a result, the high-tech sector over there has fallen silent.
The successor to the underwear industry is expected to be announced in a week. So this week, the market will closely monitor shipping activities through the Strait of Hormuz and their retaliatory measures; hopefully they won't escalate too much, or it could trigger a revaluation of asset prices similar to 2008.