Lee Orders Speed-Up for Bill to Prevent Stock Price Manipulation

President Lee Jae-myung has directed economic ministries to accelerate the legislative process for a bill designed to prevent stock price manipulation. The proposed legislation, referred to as the 'Stock Price Suppression Prevention Act,' aims to rectify the undervaluation of listed companies and normalize the capital market.

During a meeting on economic ministries' work on Monday, Lee specifically instructed the Financial Services Commission to expedite the bill's passage, noting that legislative progress in the National Assembly has been slow. He emphasized the need for cooperation to ensure the bill moves forward swiftly.

The president's directive highlights a focus on strengthening market fairness and investor confidence within South Korea's financial sector. The administration appears determined to address perceived issues that may be hindering the growth and valuation of domestic companies.

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The legislative process in the National Assembly is not going well and is being delayed, so cooperate in any way possible and speed up the legislation.