Almost Half of Korean Stock Trades Done Online

TOKYO (03/29/2000) - The popularity of online stock trading in South Korea continued to climb in February with online trades accounting for almost half of all trades in the country, according to the Korea Securities Dealers Association (KSDA).

Online stock trading on the Korea Stock Exchange and Kosdaq markets in February was worth 160.4 trillion won (US$144.5 billion), Sok Hun Kang, head of the KSDA's research team, said today. Total trading, both online and offline, was 326.5 trillion won meaning 49.1 percent of all trades, in value terms, were originated online.

At the end of the month, South Korean online trading companies counted 2.4 million accounts between them, said the KSDA.

Both figures show strong jumps on the corresponding data from January. In the first month of the year online trades represented 44.6 percent of all trades in value terms. The number of accounts rose too, up 245,000 accounts, or 11.3 percent, on the figure recorded at the end of January.

The KSDA, in Seoul, can be contacted online at http://www.ksda.or.kr/.

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