![Park Chan-dae, the Democratic Party of Korea’s Incheon mayoral candidate, speaks during a Supreme Council meeting at the campaign office of Jeong Ji-yeol, the party’s Yeonsu district chief candidate, in Yeonsu-gu, Incheon, on April 24. At left is party leader Jung Cheong-rae. [Photo by Yonhap]](https://image.ajunews.com/content/image/2026/04/24/20260424101543340527.jpg)
Jung Cheong-rae, leader of the Democratic Party of Korea, called the KOSPI’s move above the 6,500 mark “remarkable” and said the benchmark could keep climbing.
Speaking at an on-site Supreme Council meeting in Yeonsu-gu, Incheon, on April 24, Jung said South Korea is entering an era in which “Korea risk” has been removed and the country can enjoy a “Korea premium.” The KOSPI on the previous day broke above 6,500 intraday for the first time.
Citing price-to-book ratio levels that he said still trail the OECD average, Jung predicted the KOSPI could break 7,000 and 8,000. He said the rise is a symbolic indicator that South Korea is “returning to normal.”
Jung also noted that former presidents Lee Myung-bak and Park Geun-hye had made KOSPI-related pledges that were not kept, adding that the Lee Jae-myung government would be different. He said the Democratic Party would support the president’s governing philosophy with the party, government and presidential office acting as “one team” and speaking with “one voice.”
* This article has been translated by AI.
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