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Stock-Loving Korean President Under Fire Over Wild Market Swings

Bloomberg Markets Monday 03 August 2026, 01:30 UTC By Heesu Lee and Soo-Hyang Choi 1 min read
Key Points

Stock-Loving Korean President Under Fire Over Wild Market Swings As South Korea’s world-beating stock market surged in January, authorities saw a chance to attract more capital and bolster the won by offering high-risk products for notoriously adrenaline-loving retail investors. Now that gamble is backfiring on President Lee Jae Myung.

Stock-Loving Korean President Under Fire Over Wild Market Swings As South Korea’s world-beating stock market surged in January, authorities saw a chance to attract more capital and bolster the won by offering high-risk products for notoriously adrenaline-loving retail investors. Now that gamble is backfiring on President Lee Jae Myung. Alarm spread among top officials last week as the benchmark Kospi index plunged some 40% from its peak a month earlier, according to people familiar with the matter, who asked not to be identified discussing private talks. Stuck halfway around the world in South America as part of an 11-day diplomatic tour, Lee and much of his key staff watched and clambered for ways to stem the market meltdown from afar.
Korean (ORG) South Korea’s (LOCATION) Lee Jae Myung (PERSON) Kospi (PERSON) South America (LOCATION) Lee (PERSON)
Originally published by Bloomberg Markets Read original →

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