Trump: "Semiconductor and Pharmaceutical Tariffs May Exceed Those on Cars" [3-Minute Brief]

[At a Glance]
1. President Trump hints at possibility of higher tariffs on semiconductors and pharmaceuticals
2. "Alternative investment is inevitably becoming more AI-focused"
3. Foreign investors net purchase over 6 trillion won... KOSPI hits all-time highs

MARKET INDEX

○The three major U.S. stock indices ended mixed... Powell's remarks weighed on the market

○The U.S. Federal Reserve lowered the benchmark interest rate to an annual 4.0~4.25%

○Powell emphasized that the cut was for risk management purposes

TOP 3 NEWS

■ One Hurdle After Another... Trump: "Semiconductors and Pharmaceuticals May Face Higher Tariffs Than Cars"

○President Trump stated, "Semiconductors and pharmaceuticals may face higher tariffs than cars"
○On tariff lawsuits: "The Supreme Court is excellent and fair"
○"There are very large companies interested in acquiring TikTok's business rights"

■ [2025 Alternative Investment Forum] "Alternative Investment Should Also Focus on AI Infrastructure and Materials, Parts, and Equipment"

○The 3rd Asia Economy Alternative Investment Forum
○Half of global investment is focused on AI
○Need to prepare for the expansion of the AI value chain

■ KOSPI Heads Down Uncharted Path Led by Foreign Investors

○KOSPI continues to hit all-time highs day after day
○Foreign investors have net purchased over 6 trillion won in KOSPI this month
○There is still room for additional net purchases

Graphic News: How to Draft Investment Contracts to Protect Founders [Venture, Litigation Advisory]

○Reviewing contracts is the first step to reducing legal risks
○To avoid excessive liability, intentional or gross negligence must be specified
○Illegal clauses such as "special redemption rights" must be removed

Money-Making Law

■ Converting Game Money to Cash for Sports Betting Constitutes Gambling

○Betting on sports with illegal game money is considered gambling, according to the Supreme Court
○First trial resulted in a fine; second trial acquitted as "chance-based activity"
○The Supreme Court ruled that actions determined by chance constitute gambling
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025091715160540923

■ Chairman Chung Mongwon of HL Faces Shareholder Derivative Lawsuit

○Allegations of supporting a child's company with 183 billion won
○Shareholders filed a lawsuit for "conflict of interest and breach of fiduciary duty"
○The board of directors claims the business judgment rule
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025091715171251813

■ "Who Ordered the Dangerous Quarrying?" Samhyo Quarry Collapse Trial

○Trial over the collapse at Samhyo Industrial quarry
○Debate over who decided to proceed with "sub-base quarrying"
○Key issue is identifying the responsible management under the Serious Accidents Punishment Act
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025091715185258798

* "Money-Making Law," a content partnership between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

Myeongin Pharmaceutical KOSPI subscription, final public offering price set at 58,000 won

○International

03:00 U.S. interest rate decision

03:00 U.S. Federal Open Market Committee (FOMC) economic outlook

03:00 U.S. Federal Open Market Committee (FOMC) statement

03:00 U.S. FOMC press conference

17:00 Speech by Mauderer of the German Bundesbank

17:00 Speech by Buch, Vice President of the German Bundesbank

17:00 Speech by De Guindos of the European Central Bank (ECB)

21:30 U.S. initial jobless claims

21:20 Philadelphia Fed Manufacturing Index (September)

23:00 U.S. Leading Economic Index (MoM) (August)

23:00 Speech by Nagel, President of the German Bundesbank

◇Weather for Lunch & Commute

○Lowest temperature: 20℃ (▼3℃) ｜Highest temperature: 26℃ (▼2℃)
○Precipitation probability: 20% in the morning｜30% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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This content was produced with the assistance of AI translation services.