Korean Job Discussion Forums

[mack the knife]

Day trading is typically frowned upon by everyone in the know. However, I've kept track of a few stocks here in Korea that bounce up and down more than Pamela Anderson's (.) (.)

Example:

Hyundai Mobis. A brilliant company that shot up from its W8000 initial offering to W59,000 in 3 years time. Now, its value fluctuates between W58 and W62 or thereabouts on a nearly daily basis. Obviously, most folks (teachers) don't have thousands of dollars to invest. On the other hand, if you had a few million won lying around (dream on) you could EASILY make several hundred thou a day with virtually no risk.

Point is, there are also much cheaper stocks available whose value fluctuates in the same manner. Easy money.

[bellum99]

there is buying and selling cost involved that usually eats the profits.....isn't there?

[mack the knife]

There is a buying/selling cost, but it depends on how much you're trading.

[pecan]

You need to have a minimum of 50,000 USD to begin investing in Korea directly, unless you want to use a backdoor.

Nut

[dogbert]

[Len8]

If a stock is valued at say W25,000 you can go to any securities company and by a minimum of 10 stocks for a mere W250,000.