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As a retail investor who holds more than a dozen stocks of large-cap companies here, it's good to see the local stock markets have rallied over the past two weeks, fueled by President Yoon Suk Yeol's comments that the government will do more to resolve the decades-old 'Korea discount.'
The government’s forthcoming initiative to tackle the so-called Korea discount is prompting speculation that it may unintentionally encourage investors to dump their stocks in the secondary Kosdaq bourse, thereby causing it to fall sharply.
Korea is considering benchmarking the Japanese stock market to address the challenges faced by the Korea Composite Stock Price Index (KOSPI), which has displayed the sharpest decline among major bourses in the G20 economies this year, according to multiple financial authorities and sources, Wednesday.