Lee pledges capital market reform to address stock undervaluation
President Lee Jae Myung on Friday reiterated his commitment to capital market reform, pledging to address what he has called "undervaluation" of Korean stocks by boosting market confidence and cracking down on market irregularities. Lee made the pledge during a policy discussion on the capital market held at the Korea Exchange, which brought together experts, corporate representatives and…
President Lee Jae Myung has reaffirmed his commitment to addressing the undervaluation of Korean stocks by pledging capital market reform during a policy discussion at the Korea Exchange. The President described the issue of undervaluation as an "unreasonable abnormality" and emphasized his administration's unwavering policy direction to reform the capital market and boost investor confidence.
This pledge comes amid significant volatility in Korea's stock market, with the KOSPI trading in the mid-5,000-point range in recent months after reaching an all-time closing high of 9,114.55 points in late June.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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