Overview

• President Lee visited the Korea Exchange on June 11 and pledged a ‘one strike, you’re out’ policy to permanently bar anyone caught manipulating stock prices.
• His administration will confiscate illicit gains by imposing fines equal to profits illegally earned and expand the Market Oversight Commission’s staffing and authority.
• The KOSPI index has surged nearly 8 percent since his June 4 inauguration, climbing to 2,907.04 points for the first time in three years and five months.
• Lawmakers are drafting tax reforms to offer dividend breaks for firms with payout ratios above 35 percent to encourage larger shareholder distributions.
• Democratic Party legislators will introduce a bill this month to expand board members’ fiduciary duties toward shareholders and strengthen corporate governance.