Korea Seeks to Unlock Property Money in Drive for Kospi 5,000

South Korea is seeking to redirect household wealth concentrated in real estate into equities, according to a lawmaker spearheading a committee tasked with supercharging the nation’s stock market.

“Reviving the stock market is one of the president’s key political goals,” Oh Gi Hyoung, chairperson of the special committee on Kospi 5000, said in a Bloomberg News interview this week. “He hopes to see capital shift from the property market into equities.”