President Lee Jae-myung has instructed the Serious Crimes Investigation Agency to strictly crack down on unfair practices in the financial and capital markets.
During his opening remarks at a capital market policy meeting in Yeouido, Seoul, on the morning of November 13, President Lee stated, "We are increasing enforcement personnel, and I have specifically directed the Serious Crimes Investigation Agency to rigorously enforce against unfair practices in the financial and capital markets."
He added, "We are responding firmly at a government-wide level to stock manipulation and other unfair practices, and I believe there will be significant changes and improvements in the future."
President Lee identified trust as the core value of the capital markets. He noted that doubts regarding the potential for stock manipulation, unfair treatment of shareholders, and the consistency of government policies are undermining market confidence.
He emphasized the importance of eliminating concerns, instilling confidence, and creating a market that is rationally predictable, stating that restoring trust is paramount.
Regarding the government's role, he said, "We must establish fair and transparent market rules and ensure that these rules are applied uniformly to everyone without exception."
President Lee acknowledged that while systems have been established to correct corporate cultures that do not respect shareholders, the abuse of management rights by controlling shareholders, and unfair and opaque transactions, there is still much work to be done. He stressed that restoring trust in the capital markets requires changes in corporate practices, market dynamics, and investment culture.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.