Tony Kim, a retail investor, in Seoul.

Tony Kim, a retail investor, in Seoul.

Photographer: Tina Hsu/Bloomberg
Investing

Wipeouts Threaten Korea Retail Army Chasing Riskiest Investments

The nation’s mom-and-pop investors are piling into risky assets as they try to build enough wealth to buy a home.

When Tony Kim likes a stock, he goes all in. Literally.

The 34-year-old manager at a Seoul-based textile company never holds more than one stock in his 140 million won ($98,500) portfolio.