Deep Tide TechFlow News: On June 08, South Korean President Lee Jae-myung said at his one-year anniversary press conference that the South Korean stock market is still undervalued.



Earlier, the Korea Composite Stock Price Index fell by as much as 8.8% at the start of trading on Monday and triggered a circuit breaker, while Samsung Electronics’ losses reached as much as 10%. The Korea Exchange then convened an emergency market assessment meeting, saying it will strengthen its emergency response and increase supervision of illegal short selling and unfair trading.

Lee Jae-myung also said that South Korea will promote the integrated application of AI across all industries, prepare large-scale investment projects related to the semiconductor industry, and accelerate housing supply in the real estate sector while increasing the tax burden on non-owner-occupied property holders.
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