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Lee says stock market normalisation has only removed a few big stones

South Korean President Lee Jae-myung (이재명) said measures to normalise the stock market have only removed a few big obstacles and that further institutional reforms are needed. Speaking after receiving a Financial Services Commission report at a Cabinet meeting and emergency economic review session, he said the steps were showing effects. He also urged continued measures and asked when additional plans would be ready. Lee raised the market's undervaluation compared with other countries, and the FSC chairman agreed it remained undervalued versus corporate earnings.