Korean Job Discussion Forums

keela · Joined: 09 Sep 2003

I know while we're in Korea, Canadians can't invest money back home but what about playing the markets here...?

Homer · Guest

Keela,

You can "play" in the market back home if you choose dear.

You would have to pay Canadian taxes on any profit you make but that would be it.

I have no idea if you can "play" the market here....then again I have no interest in playing the market....I suggest calling someone who actually works in that field instead of asking for advice on a web discussion board concerning teaching in Korea! Laughing

just because · Joined: 01 Aug 2003 Location: Changwon - 4964

I think so.

I'm under the impression most of the Korean stock market is controlled by overseas investors, especially Chinese and Japanese with a bit of American money.

I can't see why not but maybe you would have to go through a candian broker but how hard could that be.

keela · Joined: 09 Sep 2003

Ah Homer, at least you only gently busted my chops. No sooner had I hit the submit button than I realized my mistake...is this being only by second post a lame excuse?

Kee

Homer · Guest

Keela,

No worries.
Its all good.

batman · Posted: Sat Mar 13, 2004 4:29 am Post subject:

You should be able to play the markets here. A friend of mine has been doing it for the past three years (he is a Canadian). He has his trading account with Woori Exchange. I am not sure of all the details but I think the amount needed to open an account is 15,000,000 won.

Alex Buffa · Joined: 31 Jan 2003 Location: South Korea

I use Samsung Securities with my stock accounts (actually have 2 of them)

my conditions were I had to have been in the country six months, provide paper of registration from my employer and my accounts were setup in korean won.

Trade commissions are 0.14% of your total trade value.

makes trading very cheap and easy

english.samsungfn.com

go there...it's easy to register

Alex