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Financial services / foreigner-friendly stockbroker?

 
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rippa



Joined: 11 Mar 2007
Location: Seoul

PostPosted: Tue Oct 28, 2008 9:14 am    Post subject: Financial services / foreigner-friendly stockbroker? Reply with quote

Anyone have suggestions for a place that is foreigner-friendly to buy Korean company shares in Seoul?
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Dukey77777



Joined: 28 Jun 2007
Location: Chungcheongbuk-do

PostPosted: Tue Oct 28, 2008 6:13 pm    Post subject: Reply with quote

I'm also looking for this, and someplace that can trade in Shanghai and Hong Kong as well.
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D.D.



Joined: 29 May 2008

PostPosted: Tue Oct 28, 2008 7:39 pm    Post subject: Reply with quote

Are you guys friggin nuts? Why not put all your money on the roulette wheel at your nearest casino. It will give you better odds than the market for years to come.
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DCJames



Joined: 27 Jul 2006

PostPosted: Tue Oct 28, 2008 7:51 pm    Post subject: Reply with quote

The Korean market is known for it's volatility and Korean brokers are lying thieving people that will take you for all you've got and smile at you while they do it. Koreans say screw consumer protection regulations and believe the ends justify the means. Shady backroom deals are common here as is bribery.

Also, Korea has a notoriously huge problem with transparency in accounting and finances.

This is the LAST place in Asia to invest with confidence.

Hong Kong NOT Korea is the HUB of Asia.

Korea is the hubcap of Asia.
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rippa



Joined: 11 Mar 2007
Location: Seoul

PostPosted: Tue Oct 28, 2008 9:07 pm    Post subject: Reply with quote

Well, my pay is in won, so...

I'm not looking for advice, but the means to try investing.
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Dukey77777



Joined: 28 Jun 2007
Location: Chungcheongbuk-do

PostPosted: Tue Oct 28, 2008 10:24 pm    Post subject: Reply with quote

rippa wrote:
Well, my pay is in won, so...

I'm not looking for advice, but the means to try investing.



Agreed....please let us lose our money ourselves, instead of letting it devalue by just having it sit around.

Can anyone provide us with an answer?
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Maka



Joined: 12 Jan 2008

PostPosted: Wed Oct 29, 2008 1:36 am    Post subject: Reply with quote

i use woori investment and security bank. They have an english language website and the commission is very cheap. I already had a woori regular bank account so it was relatively easy to set up. You would definately need a korean friend to help you though.
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rippa



Joined: 11 Mar 2007
Location: Seoul

PostPosted: Wed Oct 29, 2008 11:21 am    Post subject: Reply with quote

I wonder if they are a different format from Shinhan. I asked there, and they can supply access to mutual funds, but not individual stocks (they mentioned "in the case of foreigners")
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