Korean Parents Invest in Stocks for Kids, Samsung Leads, Avg. 10M Won

Matichon•International•140d ago

Reader Briefing

South Korean parents are increasingly gifting stocks to children instead of toys, driven by market performance and favorable inheritance tax policies.

•Parents in South Korea are shifting from buying toys to investing in stocks for their children.
•The average investment per minor's account has reached approximately 10 million South Korean won.
•Samsung Electronics is the most popular stock chosen by parents for their children's investments.
•This trend is partly influenced by South Korea's inheritance and gift tax exemptions for minors.

Overview

•The rising stock market has led parents in South Korea to favor gifting stocks to children over cash or toys.
•New account openings for children aged 0-9 increased by approximately 119.2% from January of this year, doubling in four months.
•Teenager account openings also rose by 101% during the same period.
•The average amount per minor's account analyzed from January-March of this year was approximately 10 million South Korean won.
•South Korea's inheritance and gift tax laws provide exemptions for minors, motivating parents to transfer assets early.
•Minors under 19 years old are exempt from gift tax up to 20 million won every 10 years, with the amount increasing for adults.
•Parents are choosing to open stock or ETF accounts for children because gift tax is calculated on the value at the time of gifting, not on subsequent asset growth.
•Samsung Electronics was the top stock gifted to minors last month, accounting for 56.3% of domestic stocks gifted through KB Securities' 'Gift a Stock' service.

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Key Quotes

Mother

"Even on non-special occasions, opening accounts and investing for children is a trend. I plan to start depositing money into stock accounts early on."

ทุกวันนี้ แม้จะไม่ใช่โอกาสพิเศษอะไร การเปิดบัญชีและลงทุนให้ลูกก็เป็นเทรนด์ ฉันวางแผนที่จะเริ่มฝากเงินเข้าบัญชีหุ้นตั้งแต่เนิ่นๆ

Online Community Post

"Buy me Samsung electronics for Children's Day."

ซื้อเครื่องใช้ไฟฟ้าซัมซุงให้ฉันในวันเด็ก

Online Community Post Author

"I asked my son whether I should buy gold or stocks, and he said he preferred stocks and asked to buy Samsung stocks."

ฉันถามลูกชายว่าฉันควรซื้อทองคำหรือหุ้นดี และเขาบอกว่าเขาชอบหุ้นมากกว่า และขอให้ซื้อหุ้นซัมซุง

Key Entities

Organization

Samsung(ซัมซุง)ℹ️

A leading South Korean conglomerate and the most popular company whose stocks are gifted to minors.

Daishin Securities(บริษัทหลักทรัพย์ไดชิน)

A financial services firm that provided data on new account openings for children.

Shinhan Investment Corp.(บริษัทหลักทรัพย์ชินฮัน)

A securities company that analyzed minor's account openings and stock trading data.

Khan

A news outlet that reported on a 37-year-old female office worker's investment in stocks for her child.

Samsung Electronicsℹ️

The most frequently gifted stock to minors by South Korean parents, with its price increasing significantly.

SK hynixℹ️

A South Korean semiconductor company whose stocks were also invested in, though less frequently than Samsung Electronics.

KB Securities

A securities firm that analyzed stock gifting data through its 'Gift a Stock' service.

Kiaℹ️

The second most gifted domestic stock to minors by KB Securities clients.

Kakaoℹ️

The third most gifted domestic stock to minors by KB Securities clients.

HLB