The leader of the ruling party in South Korea said that the South Korean stock market is expected to reach 8000 points.

The leader of the ruling Democratic Party of Korea, Jeong Kyeong-doo, said on Friday that the South Korean stock market is entering an era where the so-called "Korean discount" is eliminated and the "Korean premium" is achieved. Given that the price-to-book ratio of the South Korean stock market is still lower than the OECD average, Jeong said at a party meeting that the South Korean Composite Stock Price Index will not stop at 6500 points, but will continue to rise to 7000 points and 8000 points.