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At a press conference at the Cheong Wa Dae guest house on the morning of the 18th, President Lee Jae-myung led with an apology over falling approval ratings and personnel and policy controversies, saying he was taken aback by public disappointment after the local elections and that 'the people are always right.' He drew a line against pursuing a consecutive-term arrangement and against withdrawing prosecution cases, while signaling that personnel decisions remain under deliberation — a stance that trims the near-term governance-risk premium for KOSPI and USD/KRW by lowering the odds of a contentious constitutional or judicial fight. The actionable variable is the pending reshuffle and whether the administration shifts its policy mix in response to weaker political capital, since a softened reform agenda would matter most for regulated sectors and foreign equity flows into Korea.
As a Policy signal, watch whether it changes price action, volatility, or flows around KOSPI, KRW=X.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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