Prime Minister Kim Minseok: "We Will Respect the Capital Market More Than Any Previous Administration"

Calling for the Establishment of a Transparent and Fair Capital Market Foundation

Prime Minister Kim Minseok expressed his determination on September 8 to become a government that respects the capital market more than any previous administration.

During his visit to the Korea Exchange on this day, Prime Minister Kim stated, "The Lee Jaemyung administration will do its utmost to invigorate the economy by promoting the inflow of funds into the capital market and other productive sectors, and to establish a virtuous cycle where the fruits of growth are returned to investors."

Prime Minister Kim Minseok (second from the left) visited the Korea Exchange on the 8th and took a commemorative photo with Chairman Jung Eunbo (third from the left) and other officials. Photo by Prime Minister's Office

At the event, Prime Minister Kim held an on-site meeting where he listened to Korea Exchange executives and capital market experts regarding policy directions to revitalize the capital market.

The participants noted that the recent performance of Korea's stock market reflects market expectations for the new capital market policies promised by the new administration, such as amendments to the Commercial Act. They also suggested that consistent policies in line with market expectations are necessary to maintain momentum toward achieving the KOSPI 5000 milestone.

In addition, they pointed out that uncertainties persist due to the rise of global protectionism and intensifying global competition in key industries. They emphasized the need to restore growth potential by revitalizing the capital market, thereby expanding funding to productive sectors such as promising and advanced industries.

Prime Minister Kim stated, "Our economy is currently facing structural challenges both domestically and internationally," and added, "As the next five years under the Lee Jaemyung administration could determine the fate of our economy, we will do our utmost to meet the expectations of the capital market and boost economic vitality."

Prime Minister Kim also visited the "Joint Response Team for Eradicating Stock Price Manipulation," which was established at the Korea Exchange in July, to inspect the current status of responses to unfair trading in the capital market. He urged the thorough detection and strict response to unfair trading practices such as stock price manipulation, in order to lay the foundation for fostering a transparent and fair capital market.