At 14:00 local time on the 27th, a Seoul court found former president Yoon guilty of publishing false facts in breach of the Public Official Election Act during the presidential campaign and sentenced him to 1 year and 6 months in prison. This is a first-instance ruling and may be subject to appeal.

Admiral Cooper, commander of U.S. Central Command, advised pausing strikes near the Strait of Hormuz, Axios reports. His recommendation to the Pentagon, the Joint Chiefs and the White House helped persuade President Trump to suspend planned strikes on Iran on Friday. Cooper told officials two weeks of strikes had significantly degraded Iran’s ability to attack ships and that most designated targets had been struck. He said roughly 20% of targets assigned in the "Epic Fury" operation remain unstruck and that the next step could be resuming large-scale operations to complete them. Cooper warned that continuing the recent air campaign without deciding to resume large-scale operations would be "meaningless." Military and civilian advisers told the president gains achievable by military action, particularly air power, are limited.

Shanghai Guotou reported 1H investment figures: as of end-June it manages 37 funds with committed capital near CNY300bn. In 1H it approved over 180 projects totalling more than CNY45bn, roughly 80% of last year’s full-year approval volume. Its managed master funds have cumulatively mobilized over CNY250bn of social capital, with a leverage multiple above 6x.