Why do Koreans love stock trading so much?

To sum up, there are three main factors: high housing prices and the huge gap between the rich and the poor, the government's rescue behavior, and stock trading have become local characteristics and are very popular.

First, high housing prices and the huge gap between the rich and the poor.

South Korea has a population of about 52 million, but there are more than 60 million active stock accounts in Korea, and the number of active stock accounts is 8 million more than the total population. From students to officials, from ordinary people to the rich, they are basically trading stocks, which has a lot to do with the national conditions of South Korea.

South Korea's overall housing price level is between 3 million and 6 million won (equivalent to RMB price between 6,543.8+0.5 million and 35,000), and Seoul's housing price is equivalent to RMB 6,543.8+0.5 million per flat. The average income and salary in Korea is 3.7 million won (equivalent to RMB 1.7 million).

If a house is calculated at 65,438+000 square meters and 5 million won per square meter, it will take 65,438+065,438+0 years for ordinary people to buy a house without eating or drinking (although it will take a long time, it seems not too bad compared with our current situation. It is just a big gap with European and American countries).

Monopoly is very serious in Korea, which is also the main factor causing the gap between the rich and the poor. Many industries in Korea are occupied by big companies like Samsung and LG, and the chaebol group has reached a certain height.

In this context, many people try to get huge wealth through stock trading, so as to get rid of poverty and change their destiny. But the fact is that stock trading often leads to debt and life becomes more and more chaotic.

Second, the government's "bailout" behavior has brought confidence to the people.

Due to a series of factors such as the Russian-Ukrainian war and the economic crisis, South Korea's stocks, bonds and foreign exchange have become horrible and "green". In order to reverse this situation, the South Korean government urgently repurchased 2 trillion won of Korean government bonds to save the stock market, while the central bank had previously spent 3 trillion won to buy government bonds.

When people in South Korea saw this behavior of the country, they immediately "put their hearts into their stomachs" and their spirits were greatly uplifted. The number of people investing in the stock market has not decreased, but has greatly increased. Although people's behavior of buying stocks did not bring them much benefits, it did play a great role in stabilizing South Korea's financial industry and capital market, and indirectly helped South Korea's economy to achieve a certain degree of recovery.

Third, stock trading is very popular in Korea and has become a feature.

In our country, slogans such as "there are risks in stock trading" can often be seen, but it is different in South Korea, where people are encouraged to stock trading, and even some parents support their children to stock trading for the purpose of educating their children on financial management at an early age. For example, some of the shareholders of South Korean giant Samsung are primary school students.

In 2020, a young man named Quan Jun in South Korea persuaded his parents to buy some "blue chips" with 25 million won, which made a big profit of 43%. He became the object of local positive education and was well received by many parents.

To sum up, it is not difficult for us to understand why South Korea has formed an atmosphere of national stock trading. But personally, I don't think ordinary people should invest a lot of money in stock trading. If you are really interested in this aspect, you can use the extra "spare money" to invest.