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South Korea's President Orders Aggressive Cleanup of KOSDAQ Underperforming Companies on July 15

2026-07-15 04:57:40

According to President Lee Jae-myung's report to the Financial Services Commission on July 15, South Korea needs to aggressively eliminate underperforming companies from the KOSDAQ market and create opportunities for innovative enterprises. The president emphasized that strengthening the capital market, particularly the stock market, requires swift implementation of reforms addressing issues such as duplicate listings and undervalued companies, despite potential market resistance.

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