At a time when the Korean stock market is at an extreme level of volatility, Bae Jae-kyu, CEO of a Korean investment management company, proposed to use the profiteering tax revenue brought about by the semiconductor boom to build a safety cushion for the stock market and accumulate assets for young people. His plan is not a one-time financial outlay or short-term market equalization fund, but rather a long-term fund with self-hematopoietic capacity: the country buys stocks for a long time according to market value weight and allocates shares to the next generation, including newborns. Bae Jae-kyu suggests that this additional windfall tax revenue brought about by the sharp increase in profits of leading chip companies will not be invested in consumer finance projects, but will instead be invested in long-term allocation and diversified into global assets such as domestically listed stocks in South Korea and the Morgan Stanley Capital International Index. The core of the plan is for the government to programmatically and continuously buy the main board and KOSDAQ listing targets according to market value weight, act as a stable support for the market, and then transfer the accumulated holdings to the next generation.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.