President Lee: “We need to create a high-level organization for capital market reform.”
Attend a meeting at the Korea Exchange and emphasize the need for reform
Quick Look
- President Lee Jae-myung proposed the establishment of a high-level organization dedicated to reform specialized in the stock exchange and capital market at a meeting held at the Korea Exchange in Yeouido, Seoul on the 13th.
- He reflected on his negligence in promoting reform last year and announced that he would seek ways to improve the level of IR and legislate and institutionalize it.
AI-generated summary
Why It Matters
President Lee reflected on his negligence in promoting reform last year and once again emphasized the need for capital market reform.
President Lee Jae-myung said on the 13th, "I think there is too much (reform work) that needs to be done specializing in the stock exchange and capital market," and added, "I wish we could create a high-level organization to take charge of this issue."
President Lee made this comment while attending the 'Trusted Capital Market, Asking and Finding Answers in the Field' meeting held at the Korea Exchange in Yeouido, Seoul on this day.
President Lee reflected, "I think I made a mistake last year. Of course, I should have created a dedicated reform organization and pushed for it strongly, but it seemed like things were going too easily, so I let my guard down."
He added, "After talking at the meeting, the level of IR and other aspects is very low. It is a surprising fact," and emphasized, "We need to gather things to legislate or institutionalize through fact-finding surveys and opinion collection."
He added, “The party will participate regardless of the ruling or opposition parties, and private stock exchanges and investment associations will also be able to participate.”
What to Watch
AI outlook — possibilities, not facts
There is a possibility that a high-level organization dedicated to capital market reform will be established.
Possible · Within months
Open Questions
- What is the specific timing and scope of establishment of a dedicated organization?
- What is the detailed schedule for legislation and institutionalization?
