Politics · South Korea · 7 hrs ago

South Korean Democratic leader urges opposition to stop stoking investor fears

South Korean Democratic leader urges opposition to stop stoking investor fears

Han Byung-do, a Democratic Party floor leader, urged the People Power Party to stop increasing investor anxiety as South Korea’s stock market remained volatile.

He said the opposition was using ordinary investors’ losses for political purposes.

Han said the People Power Party had identified a US-led artificial intelligence shock as the cause of the recent sharp market fall, but was also blaming the government.

He objected to the party presenting a drop in the National Pension Service’s stock valuations as a confirmed loss.

A lower valuation is not the same as a realised loss, he said.

Han argued that political claims could undermine trust in the stock market and make investors more anxious.

He said the Democratic Party would work to protect investors and rebuild confidence, and called on the opposition to support market stability and protect people’s assets.

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What people are saying

Han Byeong-doDemocratic Party floor leader
The People Power Party should immediately stop actions that increase investors’ anxiety.
via Yonhap
Valuation and confirmed losses must be clearly distinguished.
via Yonhap
Political fear about the market should not be stoked for political gain.
via Yonhap
The Democratic Party will take the lead in protecting investors and restoring confidence in the stock market.
via Yonhap