KOSPI boom drives sharp rise in trading accounts

Korea’s stock market rally, marked by a 76 percent surge in the benchmark KOSPI this year, has driven a sharp increase in active stock trading accounts, data from the Korea Financial Investment Association showed Tuesday. As of Oct. 31, the number of active stock trading accounts stood at 95.33 million, up 8.76 million from 86.57 million at the end of last year. Unlike simple account openings, active accounts refer to those actually used for trading, defined as brokerage or investment savings accounts with deposits exceeding 100,000 won ($69) and at least one transaction in the past six months. Since inactive accounts are excluded, the figure reflects genuine investor participation. The total number of active stock trading accounts surpasses Korea’s population of 51.75 million by more than 80 percent, indicating an average of around two trading accounts per person. The surge in stock trading accounts appears to reflect rising optimism over President Lee Jae Myung’s campaign pledge to usher in the “KOSPI 5,000 era,” as the index continues to reach new record highs. The KOSPI climWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times