With KOSPI surpassing the 5,000 mark for the first time in history this year and approaching the 6,000 level, foreign media has focused on President Lee Jae-myung as the driving force behind Korea's remarkable stock market growth. On the 23rd local time, Bloomberg reported that "President Lee, who was a failed day trader 30 years ago, has now become a hero to 14 million individual investors," and analyzed that his past experience as an individual investor suffering from so-called 'market manipulation groups' has become a powerful driving force for transforming the nature of Korea's capital market.
[.....]
Bloomberg reported that "President Lee, who was a failed day trader about 30 years ago, has become a hero to 14 million individual investors."
The analysis suggests that based on his past failures in the market due to so-called 'market manipulation groups,' he has taken the lead in market reforms.
In fact, after taking office, President Lee pursued reforms of the capital market structure and eradication of unfair trading, and KOSPI has risen 115% since his administration.
Bloomberg explained that "an individual investor who was angered by unfairness is now leading market reforms at the national level," and "President Lee's investment history is serving as a growth narrative for Korea's stock market rally."
This means that in addition to the semiconductor boom, President Lee's reforms have also influenced the KOSPI rally.
It also noted the possibility of structural changes in Korea's asset market.
Foreign media predicted that "Korean real estate has been regarded as a means of creating wealth for decades," and "funds concentrated in real estate appear to be moving to the stock market in line with the strength of the stock market."
========================================
That's cool :)
