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Fear of Missing Historic Rally Has Koreans Borrowing to Invest

  • Deposits for stock trading reach record $38 billion in June
  • Margin financing by retail traders also nearing all-time high

Photographer: Jung Yeon-Je/AFP via Getty Images

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South Korean individual traders, known for their love of risk, are poised to pour a record amount of borrowed money into the nation’s $1.4 trillion stock market.

Deposits for stock trading at local brokerages have surged to 46 trillion won ($38 billion) in June, the highest on record, compared with about 31 trillion won in March, according to data from Korea Financial Investment Association.