President Lee Jae Myung hosted a meeting on capital market reforms Wednesday, arguing that geopolitical fears stemming from the divided Korean Peninsula are exaggerated and have long suppressed the value of Seoul stocks, suggesting that fixing the problem could turn the chronic "Korea discount" into a "Korea premium." “The geopolitical risk arising from the division of the Korean Peninsula is more exaggerated than people think and even politically exploited, becoming a recurring problem,” the president said during the meeting at Cheong Wa Dae in Seoul, held under the slogan “A capital market strong in crisis and trusted by the people.” While acknowledging that risks must be addressed, Lee sought to reassure markets by noting that South Korea's spending exceeds North Korea's by more than 1.4 times and that its economic power — the foundation of national defense — is "overwhelmingly ahead, to the point where it's hard to compare." “I believe that, depending on what we do, the country doesn’t have to suffer from the ‘Korea discount.’ It is entirely possible to move beyo