Photologue @theuostimes7
A stock craze has begun among Koreans. According to the "financial assets by economic sector" released by the Bank of Korea, individuals' stock asset balances outperformed companies. As individual capital tended to prevent a slump in Korean companies, this phenomenon was also seen as a kind of patriotic act. It is even called the "Dong-hak Ant Movement" after the movement of the Joseon Dynasty. (*Ants are individual investors.) The most surprising thing is that college students have emerged as key players in the movement.
There are two main reasons. First, it is much easier to invest in stocks than before. Students have already experienced dramatic changes in investment through virtual money, so there has been no rejection. Moreover, they became more accessible to basic financial terms, and investment companies began to provide mobile services. The second is anxiety about the future. The employment market has become so unstable that students have chosen it because there is no means to prepare for the future. Unlike other investment methods that require large amounts of money, stocks can achieve long-term goals with small amounts of money. Stocks can be seen as the only way for college students who cannot afford to find out various investments.
