People Power Party Floor Leader Jung Point-shik: "KOSPI 9,000 Brings Sense of Deprivation, Not Joy… Economic Policy Shift Needed"

People Power Party Floor Leader Jung Point-shik held a floor strategy meeting at the National Assembly this morning (June 19) and downplayed the KOSPI index surpassing the 9,000-point mark for the first time in history, stating, "It is a number that brings a sense of deprivation rather than joy."

Floor Leader Jung pointed out that the sidecar mechanism had been triggered 26 times in the KOSPI market as of yesterday, noting, "An unstable market that repeats sharp rises and falls cannot be called healthy."

He also emphasized, "Concerns are growing over the concentration of the market on a few semiconductor bellwethers, such as Samsung Electronics and SK Hynix, as well as the polarization between different sectors."

Floor Leader Jung continued, "The most serious issue we must look at is the high exchange rate, which has become the new normal." He then criticized President Lee Jae-myung for previously describing the high exchange rate as a temporary phenomenon, asking, "Can this truly be considered a correct judgment based on evidence and information?"

Floor Leader Jung also urged the government to fundamentally shift its economic policy stance, including its approach to real estate, taxation, and labor.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.