Kim Moon-soo, the People Power Party presidential candidate, said on the 22nd that the president would personally hold an investor relations (IR) meeting for overseas investors to attract foreign investment.
He also vowed to establish a financial and economic advisory committee centered on the 'F4,' including the Deputy Prime Minister for Economy, the Governor of the Bank of Korea, the Chairperson of the Financial Services Commission, and the Commissioner of the FSS, to enhance the credibility of the capital market through consistent financial policies.
On the same day, Kim held a meeting of the Central Election Countermeasures Committee at the Korea Exchange in Yeouido, Seoul, and said, "I will become a sales president who will lead investments from around the world."
He also promised measures such as separate taxation on dividend income and tax rate reductions, tax benefits for long-term investors, and differential withholding tax rates on dividends for those holding financial income below 20 million won and stocks for more than one year.
He stated that he would pursue plans to allow retirement pension venture investments through the introduction of collective investment vehicles for corporate growth and to include Morgan Stanley Capital International (MSCI) in the developed markets index during his term.
Kim promised to work to enhance the stability and reliability of the capital market, stating that he would impose penalty surcharges for unfair trading and accounting fraud, restrict participation in the stock market by economic criminals, and strengthen market surveillance and illegal investigation capabilities.
Furthermore, he proposed strengthening systems that can protect shareholder rights, including prioritizing the allocation of new shares to common shareholders of the parent company during partitioning and introducing mandatory public buyback systems when there is a change in management rights.
Kim criticized the '5,000 KOSPI' pledge from Lee Jae-myung, the Democratic Party of Korea candidate, pointing out, "If corporations are not well-run, the stock prices will not rise. If we create a Korea where the Yellow Envelope Law is enacted and people die under the Serious Accident Punishment Act, then who would want to run a corporation?"
He added, "Whether candidate Lee Jae-myung says 5,000 or 10,000, if we create a Korea that corporations cannot endure, then both stock and jobs are just illusions, aren't they?"