According to a survey conducted in South Korea in December 2020, about half of the millionaires and semi-rich people surveyed said they had invested more in stocks following the outbreak of the COVID-19 pandemic. Only 18 percent of respondents stated that this was not the case.
Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020
*700 millionaires and 1,400 semi-rich individuals.
Millionaires are defined here as individuals who conduct transactions with domestic banks and have financial assets of one billion South Korean won or more.
Semi-rich individuals are defined here as people who conduct transactions with domestic banks and have financial assets of 100 million South Korean won or more.
1,000 South Korean won equals 0.83 U.S. dollars or 0.74 euros as of March 2022.
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Hana Institute of Finance. (March 8, 2021). Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1296519/south-korea-stock-investment-behavior-of-millionaires-after-covid-19/
Hana Institute of Finance. "Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020." Chart. March 8, 2021. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1296519/south-korea-stock-investment-behavior-of-millionaires-after-covid-19/
Hana Institute of Finance. (2021). Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1296519/south-korea-stock-investment-behavior-of-millionaires-after-covid-19/
Hana Institute of Finance. "Changes in Stock Investment Behavior of Millionaires after The Outbreak of Covid-19 in South Korean in 2020." Statista, Statista Inc., 8 Mar 2021, https://www.statista.com/statistics/1296519/south-korea-stock-investment-behavior-of-millionaires-after-covid-19/
Hana Institute of Finance, Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020 Statista, https://www.statista.com/statistics/1296519/south-korea-stock-investment-behavior-of-millionaires-after-covid-19/ (last visited October 02, 2024)
Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020 [Graph], Hana Institute of Finance, March 8, 2021. [Online]. Available: https://www.statista.com/statistics/1296519/south-korea-stock-investment-behavior-of-millionaires-after-covid-19/
