[Market Focus] Lee Jaemyung Reiterates 'KOSPI 5000' on First Day of Early Voting... Securities Stocks Rally

Securities stocks are showing strong performance. This appears to be influenced by Lee Jaemyung, the presidential candidate of the Democratic Party of Korea, emphasizing the realization of KOSPI 5000.

As of 10:08 a.m. on May 29, Mirae Asset Securities was trading at 15,240 won, up 1,800 won (13.39%) from the previous trading day. Most other securities stocks are also rising, including Samsung Securities (4.20%), NH Investment & Securities (6.28%), Daishin Securities (7.04%), and Kiwoom Securities (4.40%).

On the first day of early voting, candidate Lee Jaemyung stated on Facebook, "A competent Democratic Party government will establish a fair market order through a major overhaul of the industrial structure," and emphasized, "With transparent corporate governance, we will realize a new hope of 'KOSPI 5000' in the stock market, which has been constrained by the so-called 'Korea Discount.'"

He continued, "We will not divide the people by gender, age, workers and entrepreneurs, or by disability status," and added, "We will ensure that those who live by the rules and work diligently are not treated unfairly, and that no one gains unjust profits."