War historically drives industrial innovation and stock market rises. The current US-Iran war will accelerate AI, semiconductors, construction, and shipbuilding, propelling KOSPI to 10,000.
War creates a huge government customer (US Department of War) for AI software, offsetting weak civilian demand. Companies like Palantir will see sustained revenue from defense contracts.
Hormuz Strait blockage forces ships to take longer routes, causing a vessel shortage. Used ship prices exceed newbuild prices, and the supply-demand imbalance strongly benefits Korean shipbuilders.