South Korea’s Lee Jae-myung: Corporate governance needs continuous improvement

Lee's remarks frame South Korea's equity discount as a governance problem rather than a policy lever, which matters because it sets expectations for the administration's reform agenda while explicitly limiting direct market intervention. The acknowledgment that a pullback after a sharp rally is unavoidable reads as an attempt to pre-empt blame for volatility, and the shift to wartime operational control signals the president is managing a broader risk narrative than equities alone. For holders of Korean assets, the open question is whether governance improvement becomes concrete enough to justify the re-rating Lee says the market deserves.