Eun Sung-soo, "Efforts to Strengthen Positive Momentum as KOSPI Surpasses 3000"

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] Eun Sung-soo, Chairman of the Financial Services Commission, stated on the 8th that he would "actively strive to sustain and strengthen this positive trend" regarding the KOSPI surpassing the 3100 mark.

On that day, the KOSPI closed at 3,152.18, up 120.50 points (3.97%) from the previous day. From the 23rd of last month to that day, it soared by a remarkable 418.5 points (15.3%) over 10 trading days.

Chairman Eun said, "The stock index surpassing the 3000 mark is largely due to the recovery of our economy and corporate earnings," and evaluated that "among OECD countries, South Korea is expected to have the highest economic growth rate last year."

He also said, "The government proactively blocked economic shocks and financial market instability early through preemptive and bold economic measures and quarantine measures, and the public actively participated in the market, becoming one pillar of our stock market."

Regarding the prominent net buying by foreign investors in the KOSPI market, he added, "This is evidence that foreign investors also positively evaluate our economy and stock market."

Chairman Eun further stated, "We will continue innovations to make our capital market an attractive investment destination and strengthen policy efforts to ensure that market liquidity flows into the real economy."

However, concerns about market overheating have also been raised due to the recent rapid rise of the KOSPI in a short period. Although stock prices are soaring based on abundant liquidity, there is a possibility that a correction could lead to financial risks.

Chairman Eun said, "It is important to invest within one's capacity based on accurate analysis of corporate earnings," and added, "We will work to establish the investment principle that investment is made under one's own responsibility and to foster a mature investment culture."

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