Overview

• Lee Jae-myung pledges to eliminate South Korea's persistent stock undervaluation, known as the 'Korea discount,' and aims to double the Kospi index to over 5,000 points by 2030 if elected president.
• His reform platform emphasizes stronger corporate governance, minority shareholder protections, and market transparency to attract domestic and foreign investment.
• Lee proposes revising the Commercial Act to mandate fiduciary duties for corporate boards to act in the interest of all shareholders, including small investors.
• He advocates for zero tolerance on white-collar crimes like stock manipulation, enhanced monitoring systems, and stricter confiscation policies for criminal proceeds.
• The initiative follows the Yoon administration's unsuccessful 'Value-up Index,' which failed to halt a 4% decline in the Kospi over seven months.