Mar 8 • 11:34 UTC 🇰🇷 Korea Hankyoreh (KR)

Han Dong-hun: 'If Yoon Seok-youl Had Been Here, KOSPI Would Have Reached 6000' - Continuing Critique on Stock Market Rise

Han Dong-hun claims that the current rise in the KOSPI is due to the global semiconductor cycle, not the policies of the Democratic Party.

Former representative Han Dong-hun claimed on the 8th that the increased KOSPI index would have occurred under Yoon Seok-youl's presidency without the alleged premature halt of his administration. In a Facebook post, he reiterated that the stock market's rise is primarily due to the global semiconductor cycle rather than the Democratic Party's initiatives. This statement followed his earlier claim during a visit to Busan that if Yoon had been in office, the index would have reached 5000 - 6000, which drew criticism from Democratic Party leaders who pointed out that recent market improvements cannot be reduced to just the semiconductor sector's performance.

Moreover, during his visit to the Busan Gupo market, Han Don-hun spoke out against the ruling party, criticizing their leadership for being embarrassed by a recent court ruling that halted the disciplinary measures against his ally, Representative Bae Hyun-jin. This came as speculation grew in the political arena regarding Han's potential candidacy for an independent seat in a forthcoming parliamentary by-election in the Busan North-Gap district, which is considered to be a stronghold of the Democratic Party and represented by pro-Yoon newcomers. His remarks and actions are indicative of a larger strategic maneuvering as the political landscape prepares for upcoming electoral contests.

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