March 19, 2021 13:30
The featureless industrial town of Suwon, Gyeonggi Province has more stock investors than anywhere else in Korea, according to the Korea Securities Depository on Thursday.
There are 34,463 male investors in Suwon, outpacing even their 34,187 counterparts in Seoul's Gangnam district.
Since the agency started compiling data in 2016, Gangnam always had the highest number of investors, but Suwon outpaced it after creeping up to second place in 2019.
But counting the amount of investment, Gangnam investors still held four times as many shares as those in Suwon with 825 million compared to 206 million.
Women in their 40s are also avid investors in Suwon.
The main reason Suwon has so many individual stockholders is that it is home to Samsung Electronics, which has 40,000 staff there who mostly own a little company stock. The commuter towns of Yongin and Hwaseong, both also in Gyeonggi Province, also have large numbers of small stock holders because a lot of Samsung staff live there.
"Since the company's stock has been so popular since last year, there are quite a few colleagues around me who have started investing in shares," one employee said.
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