The 11-year-old boy went to Samsung’s shareholder meeting, revealing a shocking number of shares

As the stock investment craze is exploding in many parts of the world, the number of children and young people investing in this field is also increasing. Especially, according to statistics, the number of securities accounts among minors is increasing rapidly every year.

According to SBS, on the morning of March 16, Samsung Electronics held the 53rd general meeting of shareholders at Suwon Convention Center. Among the approximately 1,600 attendees, both students and the elderly, perhaps the most notable was Kim Do-hyeon, an 11-year-old new shareholder.

The guy attracted the attention of reporters with his surprisingly “young” face. When asked by a reporter how to attend the event, Kim said he was invited.

After the image of Kim giving an interview appeared on SBS, many people expressed their interest in this young investor. “Even though he only owns a modest amount of shares, the boy shows that he has a money-making mindset from a young age,” one person commented.

It is known that Kim is not the only elementary school student to attend this shareholder meeting of Samsung Electronics. The event took place for 3 hours, during which, Samsung Electronics announced a record high revenue of 280 trillion won.

Young Koreans are competing to invest in stocks (Photo: Internet).

According to Bloomberg, the work culture is changing significantly in Korea as the younger generation of workers is not as enthusiastic about work in exchange for promotion as before. Instead, they race to play the stock market in the hope of changing their lives if they make a big profit.

Not only that, the fact that housing prices in Seoul in particular and in South Korea in general have been increasing in recent years, making it difficult for young people in this country to buy a house if they only use their salary. . As a result, they invested in stocks with the hope of earning enough returns to buy a house and prepare for retirement.

A young woman shared: “In Korea, people in my 20s like me only have two ways to get rich: Win the lottery or play the stock market. We will never get rich or buy a house on our salary. “.

A statistic in October 2020 showed that the number of securities trading accounts in Korea increased by 4.59 million in the period from the end of 2019 to the end of August 2020. In which, people over 20 years old own about 2.46 million accounts. Another statistic shows that on the Korean stock market in the first half of 2020, 30% of trading accounts are of investors in their 20s and 26% in their 30s.

Many young Koreans even borrow money to play the stock market in the hope of changing their lives one day. Due to the pandemic, many large companies have stopped hiring, causing the unemployment rate of young people in Korea to increase. “They are facing a frozen labor market in despair. Rising property prices are also fueling negative sentiment. In that context, stocks seem to be their only chance to get rich. “, said a professor at Suwon University.