3 Comments
Jun 1, 2021Liked by Michael Fritzell

Note that South Korean households held most of their wealth in real estate, so % investing in equity had a really low base. The South Korean government has been imposing strict regulations in real estate investing, so a lot of money inflow into equity market.

I have to disagree with your view that increasing trading volume, retail activity signals a bubble in the Korean equity market.

I agree certain sectors are speculative and bubblish(mainly driven by retail) like biotech, IPOs, but there are a lot of attractive Korean stocks out there still.

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