估值刚创新高，韩国总统李在明称“韩股仍然严重低估”，但“资本利得税”交给国会来定

Core Viewpoint - The South Korean KOSPI index reached a historic high of 3314.53 points, surpassing the previous record set in July 2021, but President Yoon Suk-yeol's ambiguous comments on capital gains tax reform disappointed investors, leading to a reduction in market gains [1][5]. Group 1: Market Performance - The KOSPI index closed at 3314.53 points, marking a new all-time high, with an intraday peak of 3317.77 points [1]. - The index has risen approximately 38% this year, making it one of the best-performing indices globally, driven by corporate governance reforms and the global AI boom [1]. Group 2: Government Policy and Investor Sentiment - President Yoon Suk-yeol stated that the controversial capital gains tax reform proposal will be submitted to the National Assembly, failing to meet investor expectations for a complete withdrawal of the plan [1][5]. - The original proposal aimed to lower the capital gains tax threshold for individual shareholders from 5 billion KRW to 1 billion KRW, which faced strong resistance from retail investors and triggered a sell-off [1][5]. - Yoon acknowledged that the proposal has raised doubts about the government's commitment to revitalizing the stock market, suggesting that if the market is harmed, lowering the threshold may not be necessary [3][5]. Group 3: Market Reactions and Future Outlook - The market reacted negatively to the President's statement, with the KOSPI index erasing earlier gains of 0.9% and narrowing to a 0.2% increase [1]. - Analysts noted that the lack of a direct cancellation of the proposal has left the market disappointed, as it prolongs uncertainty that has been weighing on the stock market since late July [5]. - Since President Yoon took office on June 4, there has been a net inflow of foreign capital into the South Korean stock market amounting to 10.16 trillion KRW, reflecting investor expectations for reforms [5].