President Lee Jae-myung expressed confidence in the South Korean stock market after the KOSPI index crossed 8,000 points [1].
The president's comments come amid concerns that the rapid ascent of the index may indicate market overheating or a potential crash. His reassurance aims to stabilize investor sentiment by framing the growth as a fundamental shift in how the market is valued.
During an interaction with Kim Young-sun, a journalist with the Maeil Newspaper, Lee addressed the milestone [1]. Kim said that the KOSPI breaking the 8,000-point mark was a primary achievement over the past year [2].
Lee said that while some might view recent fluctuations as a sign of a crash, the current levels remain significantly higher than previous benchmarks. He said that compared to a level of 2,700, the market has risen tremendously [1].
The president also reflected on his previous economic forecasts. He said he had previously expected the index to reach 5,000 points within two to three years [1]. The fact that the market surpassed this projection more quickly than anticipated served as a point of discussion regarding the pace of growth.
Despite the speed of the climb, Lee dismissed fears of an imminent collapse. He said the current movement is the market finding a new price-balance point, suggesting that the rise reflects a genuine re-evaluation of South Korean assets [1].
Lee's stance emphasizes a belief in the long-term strength of the domestic economy, a position that contrasts with more cautious views from some financial analysts who warn of a bubble [1].
“The KOSPI index crossed 8,000 points.”
The South Korean government is signaling strong confidence in the domestic equity market to prevent panic selling. By framing the 8,000-point milestone as a 're-evaluation' rather than a bubble, the administration is attempting to encourage long-term investment and shift the narrative away from the volatility that often precedes a market correction.
