Stocks now account for about 20 percent of Korean households’ financial assets as people flocked to the bourse at a time of ultra-low interest rates.
The proportion of stocks has increased a whopping five percentage points over the last two years from 15.3 percent in 2019 to 20.8 percent in 2021, according to the Korea Financial Investment Association on Thursday.
However, the proportion of financial assets to all household assets is still relatively low compared to other countries.
As of the end of 2021, Koreans’ financial assets like stocks and bank deposits accounted for 35.6 percent, while the figure stood at 71.5 percent in the U.S., 63 percent in Japan and 53.8 percent in the U.K.
But non-financial assets of like real estate holdings, accounted for around two-thirds of their total assets.
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