Korean Online Trading Hits 57 Percent in May

TOKYO (07/03/2000) - Stock trades conducted across the Internet accounted for 56.9 percent of all trades in Korea in May, the Korea Securities Dealers Association said Monday.

In its regular monthly report on the securities industry in Korea, the KDSA said total online trading of stocks, options and futures reached 156.7 trillion won (US$140.6 billion). The largest portion of this was stock trading, which accounted for 117.3 trillion won, followed by that of futures, 38.7 trillion won, and options, 800 billion won.

The number of online securities accounts also jumped, up to 3.1 million from 2.7 million the month before while online securities accounts represented 34.4 percent of all active accounts in Korea.

The Korea Securities Dealers Association, in Seoul, is online at http://www.ksda.or.kr/.

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