On the afternoon of the 7th, when the KOSPI surpassed the 3,000 mark for the first time in history on the basis of the closing price on the back of the strong New York stock market and the buying trend of individual investors, the KOSPI index on the electronic display board at KEB Hana Bank’s dealing room in Jung-gu, Seoul, rose 63.47 points (2.14%) compared to the previous day to 3031.68. have. News 1
Due to the stock investment craze, household stock funds in the third quarter of last year reached a record high. On the other hand, as the funds borrowed by households from financial institutions also increased to the largest ever, the reality of’debt investment’ and’spirituality’ is rampant.
According to the report on the’Three Quarter of 2020 Funds Circulation’ released by the Bank of Korea on the 7th, households and non-profit organizations, including individual business owners, recorded a net fund management amount of KRW 30 trillion in the third quarter of last year. It is half of the previous quarter (64 trillion won) and the first quarter (66 trillion won), but it has nearly doubled compared to the third quarter of the previous year (16 trillion won).
The net fund management amount is the value obtained by subtracting the funding amount from the fund management amount, and if this value is positive (+), it means that you have extra money. In the third quarter of last year, according to the government’s execution of the 3rd and 4th supplementary budgets, disposable income per household increased to 4.261,000 won, an increase of 130,000 won from a year ago (4128,000 won), and consumption contraction due to Corona 19 As it deepened, net fund management increased significantly.
In particular, the scale of investment in securities and funds has expanded significantly, and not only domestic stocks but also overseas stocks have increased to the largest ever. “In the third quarter of last year, due to the stock investment craze, the scale of household financing increased to the largest ever,” said Kyu-chae, head of the bank’s financial circulation team, said.
At the same time, the household’s borrowing from financial institutions also set a record high. Households’ borrowings from financial institutions in the third quarter of last year amounted to 52 trillion won, a significant increase of 29 trillion won compared to the third quarter of the previous year (23 trillion won). “Household financial institution borrowing is mainly caused by housing funds, stock investment funds, and demand for livelihood funds due to uncertainty,” said Jeong, team leader.
Regarding the phenomenon that debt and stock funds increased at the same time, team leader Jeong said, “There was a clear demand for stock funds in addition to the demand for housing funds due to the increase in housing transaction volume for financial institution borrowing.” , It seems that there was a part that some deposits fell into stock investment,” he explained.
In other words, the number of people who didn’t stop taking deposits and started investing in stocks out of debt increased significantly during the third quarter.
Financial assets divided by financial liabilities in the third quarter was 2.17, the second highest number since the second quarter of 2017 (2.19). “Because the values of financial assets and liabilities are based on market prices, this is because the price factors according to the stock price and exchange rate are reflected,” said Jeong. “It seems that the stock price increased significantly during the third quarter, raising the ratio.”
Kwak Joo-hyun reporter [email protected]
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