Many Korean investors pull out of home market, drawn by US stocks
Korea’s benchmark stock index, the KOSPI, recently soared past the 4,000 mark for the first time, a surge that would signal exuberant confidence in most major economies. Yet, beneath the number, a sense of anxiety persists, fueled by a long history of stagnation and a deep-seated fear among domestic investors that they are better off betting on Wall Street than on Seoul. For years, the index had been stuck between 1,800 and 2,100 — a long stretch of stagnation in the early 2010s that earned it the nickname “BoxPI,” a play on “box pattern.” Shaped by their personal experiences in the domestic market and a deep belief in U.S. stocks, many young investors remain drawn to Wall Street. Lee Sang-min, a 30-year-old consultant, said his portfolio is now entirely in U.S. stocks. “When I started investing at age 20, I put my money into the Korean stock market. Now, my entire portfolio is in U.S. stocks,” he told The Korea Times. The shift reflects a broader trend: Younger Koreans, frustrated by limited domestic returns and drawn by global opportunities, are increasingly moving capita
Nov 21, 2025By Park Ung