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Borrowing to Invest: ‘Bittoo’ Booms Among University Students and Job Seekers with No Stable Income

Borrowing to Invest: ‘Bittoo’ Booms Among University Students and Job Seekers with No Stable Income

SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s ‘bittoo’ fever is spreading rapidly, even to university students and job seekers with no stable income. Bittoo is the Korean term for borrowing to invest. This fever engulfed the country starting from last year with lots of people in their 20s and 30s taking out loans to [...]

S. Korea to Monitor Market Volatility Sparked by Investors’ Herd Behavior

S. Korea to Monitor Market Volatility Sparked by Investors’ Herd Behavior

SEOUL, Feb. 2 (Korea Bizwire) — South Korea will closely monitor a potential increase in market volatility as investors’ herb behavior, illustrated in the U.S. GameStop case, could frequently occur, the vice finance minister said Tuesday. Global stock markets recently underwent high fluctuations after retail investors snapped up shares of U.S. video game vendor GameStop, [...]

Short Selling Revisited on Retail Investors’ Increased Sway

Short Selling Revisited on Retail Investors’ Increased Sway

SEOUL, Feb. 1 (Korea Bizwire) — Amid fanfare over a stock bull run, South Korea’s financial regulator is in a tight spot over whether to allow short selling as scheduled in March as more retail investors have demanded an outright ban on the trading tactics for a level playing field with institutional investors. With the [...]

S. Korean Retail Investors’ Tesla Holdings Top US$10 bln

S. Korean Retail Investors’ Tesla Holdings Top US$10 bln

SEOUL, Jan. 25 (Korea Bizwire) — South Korean retail investors’ holdings of shares in electric vehicle leader Tesla Motors Inc. soared nearly 32 percent this year to cross the US$10 billion mark, data showed Monday. Local individual investors owned $10.33 billion worth of Tesla shares as of Friday, up 31.9 percent from the end of [...]

S. Korean Stock Market Logs Stellar Gains in 2020, Set for Rosy 2021

S. Korean Stock Market Logs Stellar Gains in 2020, Set for Rosy 2021

SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s benchmark stock index skyrocketed over 30 percent this year from a year ago, buoyed by strong buying of individual investors and expectations of a speedy recovery from the pandemic next year, the bourse operator said Wednesday. In the final trading session of 2020 on Wednesday, the benchmark [...]

Brokerages Raise Stock Price Outlook for 2021 on Global Recovery, Ample Liquidity

Brokerages Raise Stock Price Outlook for 2021 on Global Recovery, Ample Liquidity

SEOUL, Dec. 20 (Korea Bizwire) — South Korean brokerage houses predicted the local stock market would continue its uptick move in 2021, citing signs of a global economic recovery and growing investor appetite for higher returns, data showed Sunday. Multiple securities companies set their upper-end target band for the benchmark Korea Composite Stock Price Index [...]