South Korean President Lee Jae Myung (C) attends a press conference with reporters covering him and the presidential office at Cheong Wa Dae in Seoul, South Korea, 15 July 2026. Photo by YONHAP / EPA
July 15 (Asia Today) -- South Korean President Lee Jae Myung called Wednesday for faster passage of legislation intended to prevent controlling shareholders from deliberately depressing stock prices and questioned why the country had again failed to advance toward developed-market status at MSCI.
"Legislation, including the bill to prevent stock-price suppression, has not been passed and is being delayed," Lee said. "Find a way to secure cooperation and move it forward quickly."
Lee made the remarks during a government policy briefing at the Blue House guesthouse involving the Ministry of Finance and Economy, Financial Services Commission, Ministry of Planning and Budget, National Tax Service, Korea Customs Service, Public Procurement Service and National Data Agency.
"Normalizing the capital market is a very important national policy," Lee said.
