Park Hyeon-joo, chairman of Mirae Asset Financial Group, rejected claims that Samsung Electronics (005930) and SK hynix (000660) shares have underperformed because of weak shareholder-return policies. He said companies need to accumulate capital and invest aggressively to strengthen their fundamentals before prioritizing large dividends, arguing that this is how another Samsung Electronics or SK hynix could emerge. Park said shareholder returns of 5% to 7% were unattractive compared with U.S. Treasuries and indicated that Digital X, formerly Korbit and Korea's first cryptocurrency exchange, should not pay a dividend even if it turns a profit next year. Digital X was acquired and renamed by Mirae Asset Securities in July. Park also forecast that the government's recently announced real-estate tax overhaul could shift investment from property into capital markets, while arguing that foreign-investor rebalancing, rather than domestic single-stock leveraged ETFs, has been the larger source of volatility in Korean equities.