Is the Stock Market Rally a Chinese Conspiracy? Han Jeongae Says "Absurd," Urges People Power Party to Share in the Gains

The United States Leads Foreign Investment at 40.9%
Direct Rebuttal to People Power Party's Conspiracy Theory
Accelerating Follow-up Legislation on Real Estate

Han Jeongae, Policy Committee Chairperson of the Democratic Party of Korea, criticized the People Power Party's recent claim that the surge in stock prices is due to Chinese influence, calling it "absurd." She explained that when examining foreign stock holdings, the United States holds the largest share, while China accounts for only 2.2%.

On the 23rd, during a Democratic Party policy meeting on the National Assembly audit, Chairperson Han stated, "The KOSPI index is on the verge of reaching 4,000," and added, "I am appalled to see the People Power Party leadership, who never saw such figures during their administration and perhaps feel envious or resentful, now resorting to conspiracy theories by bringing up specific countries as the KOSPI continues to set new records day after day."

Previously, Kim Minsu, Supreme Council member of the People Power Party, appeared on YouTube and other platforms, claiming, "Despite all conditions clearly indicating that stock prices should fall, they are rising," and argued, "Experts are raising suspicions that Chinese capital is illegally entering the market and acquiring Korean companies."

Yonhap News Agency

In response, Chairperson Han stated, "As of September, the United States holds the largest share of foreign-listed securities, accounting for 40.9% of all foreign investors. The United Kingdom follows with 12.2%." She continued, "China's share is only 2.2%, not even ranking among the top five." Han added, "If you want to support Korea's growth, I hope you will participate in national growth funds or ETFs related to the stock index so that you can enjoy the benefits of rising stock prices."

Regarding real estate policy, Chairperson Han said, "We will swiftly legislate follow-up measures to the September 7 policy package during this regular session of the National Assembly and focus our efforts on preparing housing supply measures that meet demand." She emphasized, "We will do our utmost to promptly enact follow-up bills such as the Special Act on the Complex Development of Old Public Offices, the Special Act on the Complex Development of School Sites, and the Urban Maintenance Act and the Old Urban Maintenance Act, which aim to improve procedures and business feasibility for redevelopment projects including simultaneous processing of major procedures, as well as the Urban Redevelopment Promotion Act to simplify maintenance procedures and support resident resettlement, the Special Act on Public Housing to accelerate and expand public housing supply in the Seoul metropolitan area, and the Special Act on Modular Housing to promote faster modular housing construction. These efforts will enhance the efficiency and speed of policy implementation."

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