Introducing the’Donghak Ant’ investment craze… “Similar to Japan at the peak of the bubble economy”
(Tokyo = Yonhap News) Correspondent Park Se-jin = “With a situation that resembles the bubble experienced by Japan in the late 1980s, an adjustment phase will come someday. If the bubble bursts, the damage will be especially great for young people.”
Japan’s Asahi Shimbun introduced the fact and background of the stock investment craze in Korea on the 9th.
The newspaper reported that the stock price of Korea recorded the highest rate of increase among the 20 major countries (G20) even in the situation of a novel coronavirus infection (Corona 19) last year, and continues to rise even into the new year. ‘
Asahi cited a male (28) working at an electronic component company as an example of a Donghak ant who is taking risks and raising passion for investment.
![(Tokyo = Yonhap News) An article on the 9th of the Asahi Shimbun that introduces the stock investment craze that is blowing around'Donghak ants' in Korea. [아사히신문 웹사이트 해당 페이지 갈무리]](https://i0.wp.com/img4.yna.co.kr/etc/inner/KR/2021/02/09/AKR20210209115300073_01_i_P4.jpg?w=560&ssl=1)
(Tokyo = Yonhap News) An article on the 9th of the Asahi Shimbun that introduces the stock investment craze that is blowing around’Donghak ants’ in Korea. [아사히신문 웹사이트 해당 페이지 갈무리]
While working, the office worker pretends to check work-related e-mails on his computer while surfing the Internet to find information about companies that could raise stock prices.
“It’s what everyone does, avoiding the eyes of the boss,” he said.
He says he wants to get married and have children. He said that he started investing in stocks in January of last year because he couldn’t buy an apartment with a monthly salary of about 3 million won and could not pay for education.
At first, he lost money, but eventually earned 8 million won over the past year. He said that the colleagues who gather at the restaurant during breaks during the work day start talking with stock investment.
There are also people around him who have lost all their investments, but they said they did not intend to quit investing in stocks.
The reason is that there is no other source of income to lean on, such as the system with an upper limit of working hours of 52 hours per week applied to SMEs sequentially starting in January of this year, so that overtime pay will not be received.
Asahi said that among the youngsters who fell into stocks in Korea, those who went through fierce test competition and got a job at a conglomerate company after going through a famous university in Seoul were no exception. Told.
![Samsung Securities' Hangul advertisement phrase expressed as a motif of'Donghak Ant' on the Nasdaq Tower in New York Times Square on the 4th.[연합뉴스 자료사진, 삼성증권 제공. 재판매 및 DB 금지]](https://i0.wp.com/img5.yna.co.kr/etc/inner/KR/2021/02/09/AKR20210209115300073_02_i_P4.jpg?w=560&ssl=1)
Samsung Securities’ Hangul advertisement phrase expressed as a motif of’Donghak Ant’ on the Nasdaq Tower in New York Times Square on the 4th.[연합뉴스 자료사진, 삼성증권 제공. 재판매 및 DB 금지]
Asahi said that in Korea, individual investors in their 20s and 30s are called Donghak ants. In the’Donghak Peasants Revolution’ initiated by farmers who suffered from the advance of foreign capital in the late 19th century, reflecting the pattern of individual investors against foreigners and institutions. I introduced it as a term taken from.
The newspaper cited data from KB Kookmin Bank, and analyzed that the average price of apartments in Seoul in December of last year rose by 20% from a year ago to about 43 million won per pyeong. did.
In this situation, Asahi said that President Moon Jae-in said in his New Year’s speech on the 11th of last month, “It shows that the future outlook for the Korean economy is bright.” On that day, while the KOSPI recorded an all-time high, institutions and foreigners were They pointed out that they supported the stock market by selling net worth of KRW 4,469 billion and individuals netting worth of KRW 4.49 trillion.
Asahi, who assessed that it is difficult to say that the stock price reflects the real economy as Korea’s economic growth rate recorded a negative 1% last year, said at a New Year’s meeting in the financial industry, “Potential risks are expected to appear in earnest this year.” He added that it set off an alarm for the inflow of the stock market.
At the end of this article, Asahi introduced the words of Yonsei University Economics Professor Jun-mo Yang that the current situation in Korea resembles Japan in the late 1980s, when the bubble economy peaked, and that if the bubble bursts one day, the damage to young people will be particularly great.
(Tokyo = Yonhap News) A paper on the 9th of the Asahi Shimbun, which introduces the stock investment craze that is blowing around’Donghak ants’ in Korea.
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2021/02/09 14:46 sent