Prime Minister Kim Min-seok said on the 8th, "We will respect the capital market more than any previous government."
On the same day, Prime Minister Kim held an on-site meeting in Yeouido, Seoul, to hear policy directions for revitalizing the capital market. Attendees included executives from the exchange and experts in the capital market.
This meeting was held to achieve capital market innovation towards Korea Premium, which is a core national task of the new government, and to reach a KOSPI of 5000 points.
Prime Minister Kim said, "The Lee Jae-myung government will enhance economic vitality by facilitating the influx of funds into productive institutional sectors such as the capital market," adding, "We will do our best to establish a virtuous cycle structure that can return the fruits of growth to investors."
He stated, "The five years of the Lee Jae-myung government could determine the destiny of our economy, so the government will do its utmost to meet the expectations of the capital market and enhance economic vitality."
Participants noted that the nearly 20% rise in the KOSPI index over the past three months reflects market expectations for pro-capital market policies, such as the revision of commercial law. They suggested that policy consistency should continue to meet market expectations for the KOSPI to reach 5000 points.
They also pointed out that uncertainties persist due to the recent rise of global protectionism and intensified global competition in key industries. They emphasized the need to restore growth potential by expanding funding to promising and advanced institutional sectors through revitalization of the capital market.
On that day, Prime Minister Kim also visited the 'Joint Response Team to Eradicate Stock Price Manipulation' established at the Korea Exchange in July. He urged thorough detection and strict response to unfair transactions such as stock price manipulation to lay the foundation for fostering a transparent and fair capital market.