Korea's stock market has already delivered strong gains. The harder part may be turning the rally into a lasting rerating. Global investors said at Korea Premium Week 2026 on Monday that doing so will require deeper changes to corporate governance, shareholder returns and taxation, along with consistent and transparent market rules. Frank Carroll, managing director at Oaktree Capital, warned regulators against abrupt interventions when markets turn volatile, arguing that policy consistency will be crucial to maintaining foreign investor confidence. "There will be a market correction, most likely driven by America," said Carroll, who has been investing in Korea since 1992. "When that correction comes, don't panic. Stay the course." He pointed to Korea's history of short-selling bans as an example of the type of intervention that risks undermining confidence in the market. "I don't believe in bans. I believe in consistency," Carroll said. "Short sellers aren't evil. People selling stocks in down markets aren't evil. That's what an open, free market is all about." Carroll also urged policymak