Lee Jae-myung Signals Commitment to Revitalizing Stock Market through ETF Investment
South Korean Democratic Party presidential candidate Lee Jae-myung has declared a significant investment in ETFs as part of his ambitious goal to invigorate the stock market and usher in the KOSPI 5000 era. Lee has revealed his acquisition of KOSPI200 and KOSDAQ150 tracking ETFs, investing 20 million KRW in each, totaling 41 million KRW, with plans to continue a systematic investment of 1 million KRW per month for the next five years. This substantial financial commitment reflects more than just a monetary stake; it signals Lee's determination to fundamentally reform South Korea’s stock market structure and address pervasive market inequities.
Lee further emphasized the need to eradicate potential illicit activities and introduce shareholder fiduciary duties as part of his broader initiative to amend corporate laws. He asserts that such legal and systemic improvements will foster comprehensive development not just in stock markets but across the entire economic spectrum. As part of this strategy, Lee has reiterated his vision to redirect investment funds disproportionately concentrated in the real estate market towards a more stable and transparent stock market, thereby promoting a virtuous economic cycle.
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