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 reaffirmed his dedication to capital market reform on Friday, pledging to tackle what he termed as the undervaluation of Korean stocks. He aimed to bolster market confidence by addressing irregularities during a policy discussion at the Korea Exchange. The meeting gathered experts, corporate representatives, and government officials to discuss capital market normalization.
"Normalizing the capital market is our government's unwavering policy direction and commitment," Lee stated. He described the undervaluation of Korean stocks as an "unreasonable abnormality" and reiterated his administration's commitment to reforming both the capital market and the broader financial market to increase investor confidence.
Lee's remarks came amid recent volatility in Korea's stock market, with the KOSPI trading in the mid-5,000-point range on Friday, following an all-time closing high of 9,114.55 points in late June. He emphasized investor confidence as the most crucial aspect to consider.
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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