South Korean entertainment stocks, including TV drama producers and K-pop agencies, rose. Lee Jae-myung, former leader of the opposition party, said on Facebook that if elected, his government would "substantially increase" the budget for culture and entertainment to 1.33% of total national spending in 2024 and offer incentives including tax breaks. He said exports from South Korea's cultural content and entertainment industries would reach 50 trillion won by 2030. Webtoon KidariStudio rose as much as 15% to its highest since Nov. 4, Mr. Blue rose 17%, D&C Media rose 7%, Daewon Media rose 3.3%, Kakao rose 1.4% and Naver rose 1.3%. K-pop agency YG Entertainment rose 3.7%, SM Entertainment rose 3.5%, JYP Entertainment rose 3.1% and Hybe rose 2.2%. TV drama/film producer and distributor Studio Dragon rose 4.4%.