The benchmark KOSPI climbed 2.20% to close at 4,220 on Monday, extending gains for another session, as semiconductor stocks surged following the removal of SK Hynix from the investment warning list. The Korea Exchange revised its rules on December 26, effective Monday, exempting the top 100 stocks from investment warning designation and measuring “ultra-long-term rise” gains relative to the market index instead of a 200% absolute increase. Leading the advance were Samsung Electronics (2.05%), SK Hynix (5.68%), Doosan Enerbility (1.36%), Hanwha Aerospace (7.47%), and SK Square (4.04%). Separately, Hanwha Aerospace stocks advanced following the company’s announcement that it had secured a KRW 103.3 billion government contract to develop the propulsion system for South Korea’s first lunar lander, slated for launch in 2032.