President Lee: "Stock Market Polarization Leads to Serious Asset Polarization"

"I Never Congratulated Myself Over KOSPI 9000"

President Lee Jae-myung said on the 19th, "Polarization in the stock market is, in fact, causing serious asset polarization as well. It is a problem," adding, "It is a cause for concern."

President Lee made these remarks during a briefing on the results of his tour of Europe and the Group of Seven (G7), held at the Blue House Press Hall that afternoon. He shared his thoughts on the issue of stock market polarization while expressing regret over the unproductive political debates between the ruling and opposition parties in the National Assembly.

President Lee Jae-myung is answering reporters' questions at a briefing on the results of his tour of Europe and the Group of Seven (G7) held at the Blue House Press Hall on the 19th. Photo by Yonhap News Agency

President Lee explained, "We have made a great deal of effort to alleviate (stock market polarization)." He continued, "It would be ideal for the entire stock index to grow together, rather than just seeing the index increase in appearance. However, that is not easily achieved." He added, "But is it right to create facts that do not exist and boast arrogantly out of self-praise? We should not do that."

President Lee's remarks appear to be in response to the People Power Party's policy meeting held earlier that morning. Jeong Jeom-sik, the floor leader of the People Power Party, had said at the meeting regarding the achievement of the KOSPI index reaching 9,000, "This is not the time for the president and the government, who bear unlimited responsibility for state affairs, to be intoxicated with KOSPI 9,000 and indulge in self-congratulation."

President Lee criticized, "When did I ever congratulate myself over the stock index reaching 9,000? I have been intentionally refraining from mentioning it out of caution." He further stated, "Is it appropriate to issue a commentary saying the president should not congratulate himself just because the stock index reached 9,000?" He also emphasized, "I have never made a single mention (regarding the stock index issue)."

This content was produced with the assistance of AI translation services.