Why does South Korea stock the whole people?

It comes down to three factors: high housing prices and huge gap between the rich and the poor, the government's rescue of the market, and stock trading, which have become a local feature and are very popular.

1. High housing prices and huge gap between the rich and the poor

The population of South Korea is about 52 million, but there are more than 6 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, and the reason for this has a lot to do with the national conditions of South Korea.

In South Korea, the overall house price level is between 3 million won and 6 million won (equivalent to RMB price between 15, and 35,), and the house price in Seoul is equivalent to RMB 15, per flat. The average income and salary in South Korea is 3.7 million won (equivalent to 17, yuan).

if a flat is calculated at 1 square meters and 5 million won per square meter, it will take 11 years for ordinary people to buy a flat without eating or drinking (although it takes a long time, compared with our current situation, it doesn't seem so bad. It is just a big gap with European and American countries).

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

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

Second, the government's "rescue of the market" 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 miserable and "green". In order to reverse this situation, the South Korean government "came to the end" to save the stock market and urgently bought back 2 trillion won of Korean government bonds, 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, of course, they immediately "put their hearts into their stomachs" and their spirits were greatly lifted. The number of people investing in the stock market not only did not decrease, but also increased greatly. Although people's behavior of buying stocks did not bring much benefits to themselves, 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.

3. Stock trading is very popular in South Korea, and it has become a feature.

In our country, slogans such as "Stock trading is risky" 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 for the purpose of educating their children on financial management when they are very young. For example, the shareholder composition of South Korean giant Samsung, some of which are elementary school students.

In p>22, a teenager named Quan Jun in South Korea persuaded his parents to buy some "blue chips" with 25 million won, resulting in a big profit of 43%, which became the subject of positive education in the local area and was highly praised by many parents.

To sum up, it's not hard to understand why there is a general trend of stock trading in South Korea. But as far as I'm concerned, I don't think ordinary people should invest large sums of money in stock trading. If you are really interested in this aspect, you can use the extra "spare money" to invest.