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South Korean government officials believe that the big dump of South Korean stocks is a "temporary phenomenon"
On August 2nd, according to the official from the office of South Korean President Moon Jae-in, the big dump in the stock market on Friday appears to be temporary, and the market will recover after a period of time. In addition, there has been a significant pump in housing prices in areas such as Gangnam District in Seoul recently. The government believes it is necessary to take countermeasures. Currently, relevant departments are discussing countermeasures, which are expected to be announced before August 15th. The related measures will be supply-oriented, and the government is studying all possible supply measures.