KOSPI Surges... Lee: "Better Results with Policy Effects, Unproductive Speculation Must Be Curbed"

President Lee Jae-myung Presides Over Cabinet Meeting on the 21st

President Lee Jae-myung is speaking at the Cabinet meeting held at the Yongsan Presidential Office on the 21st. Photo by Yonhap News

President Lee Jae-myung on the 21st called for the full mobilization of all available policy tools to further invigorate the stock market, which is hitting record highs, and to thoroughly curb unproductive speculative demand.

At the Cabinet meeting held at the Yongsan Presidential Office that afternoon, President Lee stated, "Only then can we establish a rational and sustainable investment culture." He also urged all ministries to "make every effort to block speculation that distorts the national economy."

President Lee remarked, "Yesterday, the KOSPI index surpassed the 3,800 mark, and it appears to be reaching new all-time highs again today. I believe this is not due to any extraordinary achievement, but rather a return to where it naturally should be."

He continued, "If the effects of our policies are compounded and we achieve tangible results, we could see even better outcomes. I see this as a process in which the past investment approach, which was concentrated in unproductive sectors, is gradually shifting toward a more diversified and sound means of asset growth for the public."

However, President Lee stressed, "There is still a long way to go. For the trend toward productive finance to take firm root, we must transform the overall perception of our society through consistent and effective policies."