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Korea Stock Market

What if the French Revolution took place in the Korean stock market?

Interesting things are happening in the Korean stock market. 

Individual investors are seen defending stock prices as they purchase shares being sold by foreign stock investors.  
In the face of such massive selling by foreign investors, individual investors are called the "Donghak Ant Movement" which compares to the Donghak Peasants Movement. 

This is a new word that drew anti-foreign anti-feudalism in 1894 against the Donghak peasant movement, a revolutionary movement. 
It is a parody term that means to buy a capital market against foreign investors selling domestic stocks. 
Whenever the stock market fell several times in the past, the stocks of individual investors were repeated. 
However, what appears to be organized and collective like this is different from the past. 
It is also characteristic that they purchased Samsung Electronics, a leading superior stock, without making a gambling investment in KOSDAQ small caps. 


Recently, a domestic individual investor broke the net buying record every day. 
According to the Korea Exchange, until March 25, the cumulative net purchase amount of KOSPI by individual investors was tentatively totaled at 9,714.2 billion won. 
This is the largest since 1999, when it began to collect monthly statistics. 
During the same period, foreign investors sold similar stocks. Individual investors bought all of the property. 

Individual investors are heavily investing in Samsung Electronics, the nation's flagship stock. 
This phenomenon is presumed to be based on the belief that “the Samsung Electronics will rise before the nation goes bankrupt.
This stock investment craze is also due to the learning effects of Korea's 1998 IMF foreign exchange crisis and the 2008 financial crisis. 
The KOSPI index, which fell to 938.75 on October 24, 2008, rose 74.7% to 1640.17 a year later. Because of this memory, there are people who rob their entire property and buy stocks.

 

Will the "Donghak Ant Movement" finally be successful?

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