The KOSPI rose nearly 2% to the 2,580 level due to the opposition's decision to abolish the financial investment income tax.
In the stock market, the Kospi rallied for the first time in four days, finishing 1.83 percent higher at 2,588.97.
Foreigners and institutions both made net purchases, raising the index, while individuals switched to net selling.
With the news that Lee Jae-myung, chairman of the Democratic Party of Korea, agreed to abolish the financial investment tax, foreigners and institutions' investment sentiment was revived.
Most of the top market cap stocks rose, and SK Hynix rose more than 6%.
On the KOSDAQ market, the KOSDAQ index also rebounded after a day of decline, rising 3.43 percent to close at 754.08.
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