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KOSPI Hits Record High Amid Tax Cut Boost

9/15/2025

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Summary

Story summary

On September 10, 2020, South Korea's KOSPI index hit a record high of 3,420.23, achieving ten consecutive gains.
This increase followed the government's decision to drop plans for higher taxes on stock investments.
President Lee Jae Myung stated the finance ministry's move aims to boost the market.
Samsung Electronics rose by 1.72%, while Hyundai and Kia fell over 3%.
Foreign investors bought shares worth 258.1 billion won ($185.62 million), and the won strengthened to 1,390.8 per dollar.

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Story summary

On September 10, 2020, South Korea's KOSPI index hit a record high of 3,420.23, achieving ten consecutive gains.
This increase followed the government's decision to drop plans for higher taxes on stock investments.
President Lee Jae Myung stated the finance ministry's move aims to boost the market.
Samsung Electronics rose by 1.72%, while Hyundai and Kia fell over 3%.
Foreign investors bought shares worth 258.1 billion won ($185.62 million), and the won strengthened to 1,390.8 per dollar.