Seoul's stock market experienced a decline on May 15, ending a three-day rally as the Kospi index fell by 19.21 points, or 0.73%, closing at 2,621.36. This drop was attributed to profit-taking after consecutive gains. Despite the overall market dip, certain sectors such as defense and cosmetics remain undervalued compared to global markets, presenting potential investment opportunities. The following day, May 16, the Kospi rebounded slightly, opening 0.3% higher above the 2,630 level, supported by gains in technology and automotive stocks. The market closed marginally higher on May 16, driven by strong performances in food and defense sectors, while the South Korean won reached a six-month high.