SEOUL, June 26 (AJP) - President Lee Jae-myung called Wednesday on lawmakers to back his push to revive the economy and support struggling households, calling the effort "the most urgent task we must address today."
Delivering his first policy speech at the National Assembly since taking office, Lee urged cooperation on a supplementary budget designed to stimulate growth and stabilize livelihoods. "On June 4, right here in the National Assembly, I took the presidential oath and pledged to build a country where the people are the true owners, a country that grows and develops with renewed strength, a society where everyone prospers together, where culture flourishes, and where safety and peace prevail," he said.
Lee warned that if slow growth continues, opportunities will shrink and social tensions could intensify. "We must open the door to 'fair growth,' where we create new engines of growth and share both the opportunities and the outcomes," he said. "Only then can we ease polarization and inequality, and move toward a world where everyone thrives together."
He also highlighted the need to restore credibility in South Korea's financial markets. "We need to normalize the capital markets," Lee said. "If we can recover transparency and fairness in the markets, we can revitalize the economy and allow companies to grow properly, leading us into an era where the KOSPI surpasses 5,000."
His remarks came just two days after the benchmark KOSPI index crossed the 3,100 mark during intraday trading on June 24 for the first time in nearly four years. The index touched a session high of 3,101.83 before closing at 3,090.83, up 2.53 percent from the previous day.
The rally was fueled by strong gains in semiconductor stocks and renewed optimism following news of a ceasefire agreement between Israel and Iran.
reporter
Park Sae-jin
swatchsjp@ajunews.com
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