Korea’s Presidential Front-Runner Vows to Boost Stock Market
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Lee Jae-myung, South Korea’s presidential-election front-runner, vowed to lift corporate governance standards and curb malpractices such as stock manipulation in a bid to boost the allure of the nation’s $1.6 trillion stock market.
The former leader of the main opposition Democratic Party plans to reform the corporate governance system by amending a key bill on board duties and by taking steps to protect the interests of minority shareholders, he said in a Facebook post on Monday. Lee also promised to come up with a concrete road map to help South Korea secure its longstanding goal of being included in MSCI Inc.’s list of developed markets — an upgrade from its current status of an emerging market.