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President Lee Jae-myung delivers remarks at the Korea Investment Summit held at the New York Stock Exchange on Sept. 25 (local time). (Photo=Yonhap News) |
[Alpha Biz= Paul Lee] New York, Sept. 25 (local time) – President Lee Jae-myung visited the New York Stock Exchange (NYSE) and hosted the Korea Investment Summit as part of his trip to the United States for the UN General Assembly.
At 9:30 a.m., President Lee participated in the “Ring the Bell” ceremony to mark the market opening, becoming the first Korean president to hold an investment forum at the NYSE. While past presidents Kim Dae-jung, Roh Moo-hyun, and Lee Myung-bak visited the exchange, this was the first time such a summit was held there.
The NYSE extended the invitation, and the president’s office emphasized the significance of presenting the administration’s economic and capital market policies at the world’s oldest stock exchange on Wall Street. President Lee used the occasion to outline his vision for a “KOSPI 5000 era” and to encourage greater foreign investment in Korea.
In his opening remarks, President Lee stressed his determination to ensure fairness and transparency in markets, stating that opaque or unfair trading practices would not be tolerated. He also reaffirmed his plan to implement the so-called “Third Commercial Act” reforms, despite opposition from parts of the business community.
Addressing geopolitical concerns, President Lee highlighted South Korea’s strong defense capability, pledging to reduce risks on the Korean Peninsula through de-escalation while continuing to enhance national defense spending.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
