Koreans Still Borrow Huge Amounts to Invest in Stocks

      July 01, 2021 13:10

      The unending bull run of the Korean stock exchange has led to record borrowing by small investors to buy shares.

      According to the Korea Financial Investment Association on Wednesday, the credit loan balance of retail investors reached a record W23.85 trillion on Monday (US$1=W1,130).

      The balance edged down to W23.78 trillion the following day, but was still the third highest on record.

      The credit loan balance tends to grow whenever the Korea Composite Stock Price Index is rising, and the main index surpassed a record 3,300 points in late June while the junior Kosdaq recovered to the 1,000-point range this month.

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