SEOUL, September 15 (AJP) - The number of minors in South Korea holding at least 100 million won (US$73,600) worth of listed stocks nearly doubled last year, even as the overall number of underage shareholders edged down.
According to data from the Korea Securities Depository obtained by Rep. Park Sung-hoon of the ruling People Power Party (PPP), 5,400 minors held stocks worth 100 million won or more as of the end of last year, up 92.9 percent from 2,800 a year earlier.
The number of those holding stocks worth between 50 million won and 100 million won also jumped 127.3 percent to 10,000 from 4,400 over the same period.
Despite the total number of minors holding stocks falling slightly to 769,600 from 773,400, the estimated value of their stock holdings surged 57.2 percent to 7.31 trillion won from 4.65 trillion won in 2024.
Among children under 10, the number of stockholders dropped by more than 20,000 to 232,100, while the value of their holdings increased 47 percent to 1.84 trillion won from 1.25 trillion won.
The figures are based on stock prices at the close of the final trading day of each year, so the sharp rise in the value of their holdings can be largely attributed to the country's stock market bull run last year.
They bought Samsung Electronics' stocks the most, with purchases totaling 51.5 billion won, followed by SK hynix at 34.9 billion won and Hyundai Motor at 10.9 billion won, according to a separate report released by a major brokerage last week.
AJP Takeaways
- Some 5,400 South Korean minors held stocks worth at least 100 million won ($73,600) at the end of last year, up 92.9 percent from 2,800 a year earlier.
- The value of stocks held by minors rose 57.2 percent to 7.31 trillion won, despite the overall number of underage shareholders falling slightly to 769,600.
- Samsung Electronics was the most-purchased stock among minors, with purchases totaling 51.5 billion won, followed by SK hynix at 34.9 billion won and Hyundai Motor at 10.9 billion won.
According to data from the Korea Securities Depository obtained by Rep. Park Sung-hoon of the ruling People Power Party (PPP), 5,400 minors held stocks worth 100 million won or more as of the end of last year, up 92.9 percent from 2,800 a year earlier.
The number of those holding stocks worth between 50 million won and 100 million won also jumped 127.3 percent to 10,000 from 4,400 over the same period.
Despite the total number of minors holding stocks falling slightly to 769,600 from 773,400, the estimated value of their stock holdings surged 57.2 percent to 7.31 trillion won from 4.65 trillion won in 2024.
Among children under 10, the number of stockholders dropped by more than 20,000 to 232,100, while the value of their holdings increased 47 percent to 1.84 trillion won from 1.25 trillion won.
The figures are based on stock prices at the close of the final trading day of each year, so the sharp rise in the value of their holdings can be largely attributed to the country's stock market bull run last year.
They bought Samsung Electronics' stocks the most, with purchases totaling 51.5 billion won, followed by SK hynix at 34.9 billion won and Hyundai Motor at 10.9 billion won, according to a separate report released by a major brokerage last week.
AJP Takeaways
- Some 5,400 South Korean minors held stocks worth at least 100 million won ($73,600) at the end of last year, up 92.9 percent from 2,800 a year earlier.
- The value of stocks held by minors rose 57.2 percent to 7.31 trillion won, despite the overall number of underage shareholders falling slightly to 769,600.
- Samsung Electronics was the most-purchased stock among minors, with purchases totaling 51.5 billion won, followed by SK hynix at 34.9 billion won and Hyundai Motor at 10.9 billion won.
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