<Anchor> This
is a friendly economic time.
Reporter Han Ji-yeon is here.
She came to me after a long time.
(It came out in four days.) Yes.
It's been a long time since we've been through forest fires and presidential elections, and the KOSPI, which has dropped in the past, has risen a bit, as I saw yesterday (10th).
<Reporter>
Yes, it rebounded in four days.
The KOSPI rose more than 2% to close at 2,680, and the sharp drop in international oil prices was the biggest driving force.
International oil prices, which had soared to $130 a barrel, fell more than 10% overnight and fell below $110 a barrel as it was said that oil producing countries could increase production.
There was a concern that stagflation would come when oil prices rise, but this has also softened somewhat.
Investor sentiment recovered as expectations for the 4th meeting between Russia and Ukraine were added.
If you take a quick look at the New York Stock Exchange, too, oil prices rebounded sharply yesterday, but in the case of the Nasdaq, it jumped close to 4%.
Today, the US consumer price level is at its highest in 40 years.
This ended the decline.
The Nasdaq fell nearly 1%.
<Anchor>
Did the election results affect our stock market?
<Reporter>
Yes, it is.
Once the election is over, uncertainty has diminished.
In addition, policy beneficiaries were strong as expectations for the new government were reflected.
After the new government was launched, Naver and Kakao surged by 7-8% as there were expectations that platform regulations would be lifted.
There were also promises to strengthen the game industry.
Game lead jumped up to close to 8%.
In addition, construction stocks rose 5.8% on the expectation that reconstruction and redevelopment regulations would be eased, with some companies rising close to 9%.
However, you need to be careful when investing in stocks.
No specific policies have been released yet.
Also, the Ukraine problem still remains.
It is too early to say that the KOSPI has turned to an uptrend.
If geopolitical risks emerge again, oil prices may rise again and the dollar may strengthen again.
<Anchor>
You said that there was a data that could show a correlation that could explain the relationship between the presidential election and the stock market after that?
Please explain.
<Reporter>
I just talked about the immediate impact, but a brokerage company analyzed what would happen in the long run over a period of about a year.
One year after the previous presidential elections, the KOSPI generally rises.
There have been a total of eight presidential elections since 1981.
Of these, the 6th presidential election is the case.
The second time I didn't make it was after the 17th and 18th presidential elections, when former presidents Lee Myung-bak and Park Geun-hye were elected, during the 2007 global financial crisis.
A year after the election, the KOSPI fell 36.6% and 0.9%, respectively.
Then, the highest rise after the election was during the 13th presidential election, when former President Roh Tae-woo was elected, and 91% jumped the most a year later.
After that, when the former presidents Kim Young-sam, Kim Dae-jung, and Roh Moo-hyun were elected, they rose to the 30%, 20%, and 10% range, respectively.
In the first year of President Moon Jae-in's term, it rose 6.6 percent.
In the US stock market, the presidential election has traditionally been a good thing, and it is analyzed that the Korean stock market is having a similar effect.
<Anchor>
It seems that when a new government comes in and the policies of the new government start at the beginning, expectations rise and the stock market improves as well.
So in a few months we will have a new government.
However, the new government seems to have policies for individual investors. Could you please explain what they are?
<Reporter>
Yes, there were many promises to protect 10 million Donghak ants.
The most notable is the abolition of the capital gains tax on stocks.
Currently, stock transfer tax is only levied on major shareholders, but with the revision of the tax law, from next year, if there is a transfer gain of 50 million won or more a year, a maximum of 25% will be charged.
It is meant to be completely abolished, but there are some skeptical observations about whether it will actually be possible to abolish it because the tax principle is damaged and there is a controversy that it is expected to benefit the major shareholders.
There is also a policy to prevent a second LG Chem incident.
LG Chem's core business, that is, LG Energy Solution, which was made by subtracting only the net worth, was listed, and LG Chem's shareholders suffered a lot of damage.
That's why it makes it difficult to go public after the spin-off.
Listing requirements will be strengthened.
A method of allowing the parent company's shareholders to take over new stocks is also being discussed.
In addition, improvement of the short selling system to protect individual investors and restrictions on selling insider shares are likely to be considered.