Kim Moon-soo, the presidential candidate of the People Power Party, will visit the Korea Exchange on the 22nd to announce measures to revitalize the stock market.
According to the financial investment industry on the 21st, candidate Kim Moon-soo is expected to announce stock market stimulus measures at the Korea Exchange's Seoul office at 9 a.m. on the 22nd.
Since his rival, Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, previously pledged to reach KOSPI 5000, candidate Kim is also expected to present stimulus measures targeting investors' votes.
In this regard, the exchange clarified that it is a "simple venue lending." An exchange official said, "They requested to rent the venue, and we agreed," adding, "It is not an event hosted by the exchange." Jeong Eun-bo, chairman of the Korea Exchange, is also reported to not attend candidate Kim's event due to an engagement in Busan.
When candidate Lee, who was then the representative of the Democratic Party of Korea, attended the "Korea Stock Market Revitalization Task Force (TF) on-site meeting" held at the exchange to discuss amendments to the Commercial Act last November, key executives from the exchange, including Chairman Jeong Eun-bo, were present.
Jeong, who took office as chairman of the Korea Exchange in February of last year, had served as the head of the Financial Supervisory Service for about 10 months from 2021 during the Moon Jae-in administration.