Kim Dongyeon on KOSPI's All-Time High: "The Pulse of the Economy Has Started Beating Again"

Gyeonggi Province Governor Kim Dongyeon gave a positive assessment of the KOSPI reaching its all-time high, stating, "The pulse of our economy has started beating again."

In a post uploaded to his social networking service (SNS) account on January 2, Governor Kim wrote, "On the first trading day of the new year, the KOSPI closed at a record high," and described it as "a signal flare of hope for the resurgence of our economy."

He continued, "This is also the result of a rebound in exports and trust in the government's consistent policies," adding, "Above all, what makes me happiest is that, under the people-sovereign government, the pulse of our economy has begun to beat strongly once again."

Governor Kim pledged, "Gyeonggi Province will also do its utmost to raise its potential growth rate and ensure that the vitality in exports extends to the domestic market."

Governor Kim Dongyeon of Gyeonggi Province posted a message and photo on his social media on the 2nd.

On January 2, the first trading day of this year, the KOSPI surpassed the 4,300 mark for the first time in history, setting a new record high.

After posting a record-breaking increase of more than 75% last year and ushering in the so-called 'Sacheonpi' (KOSPI 4000) era, the KOSPI continued its strong rally from the very first day of the new year. On this day, the KOSPI closed at 4,309.63.

However, there are also concerns about a stark polarization between the KOSPI and KOSDAQ indices.

While the KOSPI rose by 75.3% last year, the KOSDAQ increased by only 36.46%, less than half that rate. In particular, as gains in the KOSDAQ market-where individual investors are heavily concentrated-remain limited, the sense of disparity and alienation from the overall index growth is growing.