The Korea Financial Investment Association said on the 10th that the KOSPI's all-time high was a "historic turning point in the capital market" and vowed to make efforts to reach "five thousand rupees."
The KOSPI closed at 3314.53, breaking the previous record of 3305.21 (July 6, 2021). It also hit 3317.77 on an intraday basis, breaking the previous high of 3316.08 (June 25, 2021).
The new KOSPI high is a historical turning point that symbolizes the recovery and leap of our capital market, the Korea Financial Investment Association said. "It is the result of the new government's policy efforts to secure engines for innovation and growth through capital markets and strengthen the foundation for long-term investment in the aging and low-growth era."
"If the market-friendly investment taxation system and a roadmap for improving corporate performance are visible, our capital market will operate more actively as a core infrastructure to protect the happy old age of the people and support the national future industry," he said. "The structural virtuous cycle of increasing the wealth of the people will accelerate."
Seo Yoo-seok, president of the Korea Financial Investment Association, said, "The new KOSPI high is very meaningful in that the core functions of the supply of funds to the real economy through the capital market and the growth of national assets have been revived."
In particular, he said, "This is not a short-term flow of liquidity, but the beginning of the asset market money movement," adding, "It means that the transition from real estate-oriented investment patterns to capital markets is in full swing."
Chairman Seo said, "The association does not stop at celebrating this record, but pledges to fulfill its capital market's original responsibilities of forming assets, supplying venture capital, and supporting the real economy with the goal of the KOSPI 5000 era."
