South Korean retail investors are stampeding into Chinese stocks in record numbers, ploughing hundreds of millions of dollars into a tech sector rush far removed from punishing taxes and regulations on investment at home.
While South Korean mom and pop investors have historically been big risk-takers, they have stepped up the hunt for assets overseas as the Korean government imposes stringent mortgage rules and proposals to impose capital gains tax on local stocks. But they are also being lured by the promise of China' speedy economy recovery from the coronavirus pandemic and its rising stock market - China's tech-heavy start-up board ChiNext and its STAR Market are up about 40per cent each this year.
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