Seongsu Eun, “Efforts to Sustain Flow…Active Response to Uncertainty”

Seongsu Eun, Chairman of the Financial Services Commission (Provided by the Financial Services Commission) / News 1

Finance Commissioner Eun Seong-soo said on the 8th that for the first time in history, the KOSPI index exceeded the 3100 line, saying, “We will make more active efforts to continuously strengthen the positive trend.” In addition, he said, “We will strengthen our policy efforts so that the liquidity of the market can flow into the real world.”

Chairman Eun said at a weekly business meeting that day, “The reason that the stock index exceeds 3100 points is largely due to the recovery of our economy and corporate performance.”

“The government also prevented economic shock and financial market instability early through preemptive and drastic economic measures and quarantine measures,” he said. “The people also actively participated in the market and became one of the pillars of our stock market.”

Chairman Eun also said, “The recent stock index exceeding 3100 points is a big contribution to foreign net buying, which is a testament to the positive evaluation of the Korean economy and the stock market by foreign investors.”

Chairman Eun revealed the intention of efforts to continuously strengthen the positive trend and said, “The Financial Services Commission will act as a safety plate for the financial market at any time in the event of a crisis according to the trend of the novel coronavirus infection (Corona 19).” He added, “We will continue to innovate to make our capital market an attractive investment destination, and promote the development and listing of new products to meet investment demand.”

In addition, he said, “We will strictly respond to illegal and unsound acts in the capital market that undermine investors’ trust and ensure that the recognition that it is caught and punished is established.”

In particular, he emphasized, “We will strengthen our policy efforts so that market liquidity can flow into the real world.”

Chairman Eun said, “It is important to invest within the scope of your investment capacity through an accurate analysis of corporate performance above all else.” “Investment is “I will continue to work hard to establish the investment principle of “It is done under self-responsibility” and to establish a mature investment culture.”

On this day, the KOSPI index surged 120.50p (3.97%) compared to the previous day, closing at 3152.18, breaking the record high. The increase on this day is the second highest level ever since last year’s March 24 (127.51p).

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