Innovative service sectors to power industrial shift toward 'KOSPI 5,000': KRX chairman

Korea Exchange (KRX) Chairman and CEO Jeong Eun-bo sees a sweeping industrial shift led by the innovative service sectors as key to propelling the benchmark KOSPI to an unprecedented 5,000 points. These promising sectors leverage knowledge, while supporting and integrating with manufacturing, to move away from decades of reliance on traditional brick-and-mortar businesses, according to Jeong. To this end, the chairman reaffirmed his commitment to crack down on underperforming “zombie companies” and promised to root out persistent unfair trading practices which have significantly contributed to the undervaluation of Korean equities. “We need to boldly pursue industrial structural transformation, as it is becoming increasingly difficult for traditional manufacturing industries to stay competitive,” Jeong said in a recent exclusive interview with The Korea Times, marking the midpoint of his three-year term that began on Feb. 15, 2024. The push for change under Jeong’s leadership is in line with President Lee Jae Myung’s call to elevate the KOSPI to the 5,000-point milestone as pWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times