South Korean President Yoon Suk-yeol commented on the recent drop in the Kospi index, which fell sharply due to the impact of the US-Iran conflict, stating that necessary adjustments in the market could present new opportunities. During a cabinet meeting, he pointed out that market sentiments significantly influence stock prices and suggested that this decline could serve as a valuable chance to stabilize the market, which has been experiencing continuous rising trends that resulted in instability. He underscored the importance of a solid and healthy market rather than an unsustainable increase in stock values.

The drastic decline of the Kospi by over 12% marked a historic drop, surpassing the drop seen during the 9/11 incidents in 2001. However, the market showed signs of recovery shortly after, indicating a potential rebound from the initial shock. Yoon's remarks were focused on instilling long-term stability within the market and ensuring that stock prices reflect true economic conditions rather than being artificially sustained. He argued that such legal measures are essential for shifting the economic landscape from speculative behaviors to more solid, sustainable practices.

Highlighting the need for corrective legislation, President Yoon called for the introduction of a bill aimed at preventing stock price manipulation by major shareholders, which has been a contentious issue in South Korea’s corporate governance. This proposed legislation seeks to tackle the manipulation of stock prices in the context of inheritance and gift taxes, where substantial shareholders may lower stock values artificially to minimize tax burdens during corporate successions. Such reforms are part of Yoon's efforts to align South Korea's stock market with fair and transparent pricing models, addressing long-standing criticisms about valuation and economic integrity in the market.