A politician's promise can decouple stocks from the economy

The relationship between a nation's wealth and its stock market is usually a tethered dance, but South Korea's KOSPI index recently snapped the string. While the country's economy grew by a modest 1%, its stock market surged by 75%. This massive decoupling was fueled largely by a narrative shift led by politician Lee Jae-myung, who campaigned on a promise to nearly double the market's value through aggressive corporate reforms.