Insight #1 – Stock speculation is becoming popular among Korean teenagers Speculation in Korean stocks is getting crazier by the day. Reuters interviewed a 12-year old trading guru called Kwon Joon who made a 43% return in 2020. His portfolio includes technology companies Samsung Electronics and Kakao as well as car manufacturer Hyundai Motor. Reuters also reported that teenage investors now make up 2/3 of total value traded among retail investors vs 2019’s 50%. In other news, ARK Invest’s founder Cathie Wood has started to become revered as a god, earning the nickname “Money Tree” (돈나무) due to her Midas touch when it comes to picking stocks. The big question is how long the current environment will last. A major challenge comes in
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