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Lee Says Korean Capital Market Undervalued, Vows to Step Up Reforms

Reported by The Chosun Daily
Nov 12, 2026· 2 min read
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Key Takeaways
  • • President Lee Jae-myung said on November 12, 2026 that the domestic capital market "remains an attractive investment that is still undervalued," urging policymakers to focus less on short-term market swings and more on conditions for fair valuation.
  • • Lee pledged to accelerate efforts to nurture the KOSDAQ market and overhaul the venture capital ecosystem so innovative companies can raise capital at each growth stage.
  • • The Financial Services Commission (FSC) is scheduled to hold a large-scale capital-market roundtable at the Korea Exchange in Yeouido, Seoul, on the morning of November 13, chaired by FSC Chair Lee Eog-weon.
  • • Lee said three amendments to the Commercial Act have improved governance transparency and shareholder protections, but acknowledged the country is "still far from where we need to be."
Summary
President Lee Jae-myung said on November 12, 2026, that the domestic capital market remains an attractive investment that is still undervalued, given macroeconomic fundamentals and corporate competitiveness, according to Chosunbiz English. Presiding over a senior secretaries' meeting at the Blue House, Lee said the government must keep up institutional and policy efforts so that healthy capital-market development translates into corporate growth, household asset gains, and a breakthrough for the national economy. He called for less focus on short-term market moves and more emphasis on creating conditions for fair valuation.

Lee's remarks are seen as a signal that the government intends to prioritize revitalizing the KOSDAQ market, as stocks have slumped recently. He said authorities should accelerate efforts to nurture KOSDAQ and overhaul the venture capital ecosystem so that companies with innovative technologies can raise the capital they need at each stage of growth. He also committed to reforms that boost corporate value and expand shareholder returns, alongside wide-ranging measures to encourage long-term investment. Earlier, on October 19, Lee said at a press briefing that he would soon receive a comprehensive report on stock market measures and review the necessary policies.

The Financial Services Commission will host a capital-market roundtable at the Korea Exchange in Yeouido on the morning of November 13, which is expected to draw many participants, including FSC Chair Lee Eog-weon and capital-market experts. Lee noted that three amendments to the Commercial Act since his administration took office have improved corporate governance transparency and broadened shareholder-rights safeguards, but said the market still has a considerable distance to travel. He called for tighter oversight so the Korean capital market can become a trusted, advanced market with global competitiveness.

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Sources

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The Chosun Daily Lee Says Korean Capital Market Undervalued, Vows to Step Up Reforms