South Korea, US to hold annual military exercises

Who claims what

• —South Korea and the United States will conduct their annual military exercises. (per Reuters reporting)
• —Specifics of the exercises have not been disclosed.

Our assessment

Should the reported exercises proceed as described, regional businesses may see increased scrutiny in logistics and trade flows, particularly near the Korean peninsula. Military exercises often lead to temporary route adjustments or heightened compliance checks for shippers, insurers, and technology exporters.…