SEOUL – Smart and lucky punters on South Korea’s bull market have seen their KOSPI benchmark investments more than double from a year ago, but experts and analysts say there is still room for bulls to run through at least mid-year.
Though pension fund and foreign investor selloffs this year have exerted downward pressure on the bourse, much of the slack has been taken up by newly aggressive local retail investors, who are moving out of South Korea’s traditionally favored investment destination: property.
Amid excess liquidity that is readily available for short-term use, strict regulations on the housing market are expected to keep retail investors in stocks. A series of scheduled IPOs in new industries such as the internet, e-commerce and fintech are also positive factors.
