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Lee Jae-myung said, "If you are at the top of politics, the KOSPI will be 4,000"Revise the Commercial Law with Responsibility"

2024.11.20 PM 03:08
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Lee Jae-myung, chairman of the Democratic Party of Korea, said, "If politics is normal, the 4,000 mark of the composite stock index can be easily crossed even now," adding, "We will pass the amendment to the Commercial Act, which expands the duty of corporate directors from the company to shareholders."

Lee held a meeting with stock investors in Yeouido, Seoul, and said, "The domestic stock market is not easy to revive unless management abuse, market opacity, and security risks on the Korean Peninsula are addressed."

He then said, "Even if we manipulate stock prices, we are not punished if we have power, but who will invest in the stock market?" and argued that the value of assets could nearly double if the market order is in place.

However, CEO Lee hinted at the possibility of easing punishment rules, saying that shareholders should not ignore management's concerns and that it is time to make public the issue of businessmen being charged and punished for breach of trust.

In addition, Korea has a lower dividend propensity than China, which is partly due to higher dividend income taxes, adding that public opinion should be examined, but if dividends are normalized by lowering taxes, overall tax revenue may increase.



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