South Korea's presidential frontrunner vows to address 'Korea Discount'

FILE PHOTO: Lee Jae-myung, leader of South Korea's main opposition Democratic Party, takes a look around at Gounsa temple devastated by a wildfire in Uiseong, South Korea, March 27, 2025.REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) -South Korea's leading presidential candidate, Lee Jae-myung, pledged on Monday to revive legislation to curb abuses by controlling shareholders, as part of a plan to boost the stock market and eliminate the so-called "Korea Discount".

The liberal candidate announced his pledge to double the value of the country's main stock index, in an effort to woo the country's 14 million retail investors, widely known as "ants".