[Market Focus] Anticipation of 'Policy Benefits' Drives Securities Stocks Higher

Lee Jaemyung, the presidential candidate of the Democratic Party of Korea, Kim Moonsu, the presidential candidate of the People Power Party, and other major presidential contenders have expressed their commitment to resolving the Korea Discount (the undervaluation of the Korean stock market). As of May 12, domestic securities stocks are showing strong performance.

As of 3:08 p.m. on this day, Shin Young Securities was trading at 108,600 won, up 10,200 won (10.37%) from the previous trading day.

Eugene Investment & Securities (7.61%), Bookook Securities (6.88%), Mirae Asset Securities (5.13%), Kyobo Securities (4.95%), Korea Financial Holdings (4.28%), LS Securities (3.93%), Hyundai Motor Securities (3.10%), and Samsung Securities (2.83%) also all showed upward trends.

On this day, Lee Jaewon, a researcher at Shinhan Investment & Securities, stated, "Many securities stocks have hit 52-week highs," and added, "As candidate Lee Jaemyung has expressed a strong will to support the domestic stock market, securities stocks are emerging as a policy beneficiary theme."

Previously, candidate Lee Jaemyung said last month, "I will resolve the Korea Discount and usher in the era of 'KOSPI 5000'." Candidate Kim Moonsu, with the abolition of dividend income tax as a key goal, announced his 'K-Capital Market Advancement Pledge' to break out of the long-term box range.