South Korean President Lee Jae-myung: “I believe the South Korean stock market is still undervalued at present.”
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South Korean President Lee Jae-myung: “I believe the South Korean stock market is still undervalued at present.”
South Korean President Lee Jae-myung stated at his first-anniversary press conference that the South Korean stock market remains undervalued.
Navigating Web3 tides with focused insightsTechFlow News, June 8: South Korean President Lee Jae-myung stated at a press conference marking his first year in office that the South Korean stock market remains undervalued.
Earlier, the KOSPI Index in Seoul plunged as much as 8.8% at the start of Monday’s trading session, triggering a circuit breaker; Samsung Electronics’ share price dropped as much as 10%. Subsequently, the Korea Exchange convened an emergency market assessment meeting, announcing enhanced emergency response measures and intensified monitoring of illegal short-selling and unfair trading practices.
Lee also stated that South Korea will promote AI integration across all industries, prepare large-scale investment projects related to the semiconductor industry, accelerate housing supply in the real estate sector, and increase tax burdens on owners of non-primary residences.
