Lee says Korean capital market undervalued; urges measures to boost competitiveness
President Lee Jae Myung said Thursday that Korea's capital market remains undervalued, calling for measures to boost its global competitiveness and attract long-term investments. The president made the remarks at a meeting with his key aides at Cheong Wa Dae in Seoul, as Korea's stock market has experienced significant volatility in recent months. After reaching an all-time closing high of…
President Lee Jae Myung stated on Thursday that South Korea's capital market is still undervalued and needs measures to increase its global competitiveness and draw in long-term investments. The president made these comments during a gathering with key aides at Cheong Wa Dae in Seoul. Korea's stock market has exhibited considerable volatility in recent months, following a record closing high of 9,114.55 points in late June.
On Thursday, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 5,342.73 points, leaving investors uncertain. The president noted that recent external uncertainties have significantly impacted the country's capital market. Given the nation's economic fundamentals and corporate competitiveness, Lee told the meeting that Korea's capital market is an attractive investment option that remains undervalued.
He emphasized that government efforts should focus on creating an environment where the capital market receives its fair valuation, enabling its healthy development to lead to increased household wealth and enhanced living standards for the public.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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