As Korea's stock market enters an unprecedented "bull run," the number of children's stock account openings has surged.
On the 5th, Daishin Securities analyzed new account openings by age and found that accounts for ages 0–9 in the previous month jumped 119.2% compared with January.
During this period, the growth rate of account openings was highest among people in their 30s at 352.6%, followed by those in their 20s at 308.4% and those in their 40s at 220.8%. Next were ages 0–9, and teens were at 101.1%.
In contrast, people in their 50s were at 45.6%, those in their 60s at 29.7%, and those in their 80s at 31.9%. Those in their 90s and older were at 25%, and those in their 60s were at 14.7%.
The investment balance of new accounts is trending lower than in January. Ages 0–9 fell 6%, and teens fell 28.1%, respectively. This indicates that more accounts are being opened for small-amount investing.
This is seen as an intention to start investing in children's names with small amounts as the KOSPI has repeatedly hit record highs recently.
Shinhan Investment also analyzed minor customer account openings from January to March and found that first-quarter minor account openings rose 272% from the same period last year. Of minor accounts, 52% hold domestic stocks, and the single largest holding is Samsung Electronics.