President Lee Jae-myung has instructed the Korea Exchange to strengthen its market surveillance system and expand staffing to accelerate investigations into unfair stock trading.

According to Presidential spokesperson Kang Yu-jung, Lee emphasized during his visit to the Korea Exchange on Wednesday the importance of restoring trust through fair and transparent market practices.

The spokesperson said Lee noted that the KOSPI’s five-point-81 percent gain since his inauguration reflects market expectations for the new administration and pledged to pursue reforms aimed at revitalizing the capital market.

Kang said the government plans to introduce a “one-strike-out” policy for stock manipulation and impose heavy fines to recover illicit gains.

Lee also encouraged participants to share ideas freely and expressed hopes of helping the KOSPI reach 5-thousand points, a target he pledged during his presidential campaign.