The benchmark KOSPI fell 0.7% to around 3,090 on Friday pulling back from gains in the previous session as investors grew cautious amid lingering uncertainty over the potential reimposition of tariffs ahead of the looming deadline. In response, President Lee Jae Myung emphasized his administration’s ongoing diplomatic push, with Trade Minister Yeo set to make his second visit to Washington this weekend. The visit aims to ramp up last-minute negotiations with US officials in a bid to secure an extension of the three-month tariff pause, which is set to expire on July 9. Domestically, South Korean equities have been lifted by proposed Commercial Act reforms expanding board duties to all shareholders. The government is also reviewing dividend tax changes to boost payouts and attract more foreign investment. On the corporate front, losses were led by autos and chipmakers such as LG Energy Solution (-1.41%), Hyundai Motor (-0.35%), Samsung Electronics (-0.31%), and SK Hynix (-0.18%).