Why does Korea become a country where all people share stocks?

South Korea has become a country where all people share the stock market. From senior government officials to primary school students, they are all trading stocks.

On September 28th, when the KOSPI hit its lowest level in two years and two months, the South Korean government took the lead in coming forward and officially announced to rescue the market. On the same day, the Korea Financial Committee said that in order to stabilize the financial market, it will prepare to restart the stock market stabilization fund. Now, this fund has been mentioned again, which means that South Korea's rescue operation has officially begun. At the same time, South Korea's Ministry of Finance continues to buy back Korean government bonds and study plans to ban short selling.

why does a good country fall into the absurd reality that all people are crazy about stock trading? This is not unrelated to the "tolerance" of the Korean regulatory market.

Unlike China, minors are not allowed to open stock accounts. In South Korea, there is no age limit for stock trading. Minors can open accounts for stock trading with the consent of their parents or legal representatives. Moreover, South Korea's loan interest rate is low and loans are easy, which gives a large number of South Korean young people the opportunity to borrow money for stock trading.

besides the "connivance" of supervision, people have different attitudes towards the stock market. In China, signs like "The market is risky, so you should be cautious when trading stocks" can be seen everywhere. The general cognition of China people about the stock market is "high risk and easy to avoid", but South Korea is different. Koreans have a positive attitude towards the stock market, and even parents let their children trade stocks at an early age for the purpose of educating financial quotient.

For many Korean parents, their children's college diplomas may no longer be so important. Even if they have a bachelor's degree, their employment opportunities may not be better. Instead of focusing on learning, it is better to let their children get in touch with business from an early age and pave the way for entering the society in the future. Instead, it is more practical.

In the subconscious of many Koreans, stock trading is even more important than work. Putting money in the stock market even gives them a sense of security of "long-term savings". They think that this is a kind of asset investment, but the rate of return has doubled several times. Until they see that someone has made a lot of money, their mentality has changed directly. They are too hasty in making money in the stock market, lacking the initial intention of making long-term investment and self-improvement, and eventually become speculation.

In fact, the reason why Koreans are so crazy in the stock market is that the personal promotion channels in South Korea are getting narrower and narrower. 99% of ordinary people, it seems that only stocks are left in the hope of counterattack. In the student days, ordinary people became more and more involved. The college entrance examination is regarded as "a great opportunity to create or destroy the future". However, less than 2% of the 8% students who successfully enter higher education every year can enter the top universities in South Korea through the college entrance examination.

South Korea's involution pressure has led to people's increasingly hopeless academic qualifications and job returns: the competitive pressure is too high, but the return is not high, and the growth path of ordinary people tends to stagnate, which has touched some invisible ceiling and is difficult to break in a short time.