President Lee Questions KOSPI Without Semiconductors as Index Surpasses 8,800

President Lee Jae-myung has voiced strong objections to analyses that claim the KOSPI index would be significantly lower, around 4,100 points, if the semiconductor sector were excluded. Sharing an article titled 'Stock Market Without Illusion... KOSPI Only 4,100 If Semiconductors Excluded,' Lee questioned the logic behind such calculations. "Semiconductors are one of the core industries of our country, so I don't understand why semiconductors should be excluded when calculating the composite stock price index," he stated.

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Semiconductors are one of the core industries of our country, so I don't understand why semiconductors should be excluded when calculating the composite stock price index.

Lee drew an analogy to soccer, asking, "Would anyone say 'Son Heung-min is just an ordinary person if you take away his soccer skills?'" He suggested that the focus should instead be on how the Korean stock market can achieve such high figures even with the semiconductor sector's exclusion, implying a potential underestimation of other industries or a flawed analytical approach. "Rather, shouldn't the argument be 'The Korean stock market is an amazing 4,100 even without semiconductors?'" he proposed.

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Would anyone say 'Son Heung-min is just an ordinary person if you take away his soccer skills?'

Meanwhile, the KOSPI index continued its upward trend, breaking the 8,800-point mark for the first time in its history during intraday trading on the same day. This surge highlights the market's overall strength, even as debates continue about the specific contributions of individual sectors like semiconductors to its valuation.

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Rather, shouldn't the argument be 'The Korean stock market is an amazing 4,100 even without semiconductors?'