Mirae Asset Management's Kim Nam-ki: Long-Term Investment in Korean Market
Kim Nam-ki, Vice President of Mirae Asset Management, has articulated that the Korean stock market is evolving into one more suitable for long-term investment. He recommends investment in ETFs that focus on large-cap stocks, noting these companies are benefitting from AI supply chains and geopolitical tensions. Kim also highlighted the tax disadvantages in Korea's retirement savings system compared to foreign stocks and ETFs, emphasizing the necessity for reform in this area. By alleviating the tax disadvantages associated with retirement accounts, Kim projects an acceleration in the inflow of long-term capital into the Korean market.
He further argues that such tax reforms are crucial to fostering a long-term investment culture. To provide stability to investors over the long run, continuous institutional support is essential. He envisions that with these efforts, the Korean stock market could realize even greater upward potential.
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