President Lee, wearing a red tie, visits the exchange and says, "Hope for an upward trend in the stock market."

Recently, our stock market suffered a major correction... If the valley is deep, wouldn’t the mountain be high?

(Seoul = Yonhap News) Reporter Lim Hyeong-seop = President Lee Jae-myung visited the Korea Exchange in Yeouido on the 13th wearing a red tie.

In the Korean stock market, a red light means rising stock prices, and it is interpreted that the dress code reflects the hope for a recovery in the stock index, which has recently fallen.

At a policy meeting titled 'Trusted Capital Market, Asking and Finding Answers in the Field' held at the exchange on this day, President Lee said, "This is my second visit to the stock exchange since I took office. It's nice to meet you," and then smiled and asked, "Their expressions are so solemn. Is it because stock prices are in a downward phase?"

He said, "The overall market seems to have cooled down. Today, I saw that (attendees) were mostly wearing red ties, and I also wore red. I will start the meeting hoping that our stock market will trend upward."

President Lee said, "Recently, our stock market has undergone a major correction," and reflected, "In fact, from the perspective of a top policymaker, I have been worried about the rapid rise beyond expectations (after the inauguration of the administration), but I have thought, 'The rise is not a bad thing.'"

He continued, “As you often say, if the mountain is high, the valley is deep,” but added, “If you say the opposite, if the valley is deep, I think the mountain will also be high,” expressing expectations for a rise in the stock index.