Koreans who are ignorant of economics are completely mistaken.

Koreans who are ignorant of economics are completely mistaken.

They think that if the extra money is not used to buy real estate in Korea, but if the state forces it with power, all the money will flow into the domestic stock market, the KOSPI.
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But you have to be confident that investment will go up, and I don't know if it will just go up or not because it's simply not allowed to invest in real estate, but is there anyone who wants to buy the KOSPI and invest?

If Samsung Electronics is confident that it will go 150,000 won and Hynix will go 600,000 won, it will not go there, and I don't have enough money to spare, so I will buy Samsung Electronics and Hynix by washing loans and writing a memorandum to loan sharks to give up their bodies.

But is there any guarantee that Samsung Electronics and Hynix will continue to rise in the future?
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The next thing they're deluded about.

Real estate is an asset of investment, but it is also an essential commodity for actual residence.

Whether I like it or not, as long as I live in this country and make a living in this country, I have to sleep in any part of this country so that I can wake up tomorrow and go back to work to make a living.

The story is that no matter how good New York's real estate looks, no matter how high London's real estate seems, I have no choice but to buy a house where I can lie down in Korea, even if the money I have doesn't go up.

But in this era of information and communication technology, you can buy U.S. stocks, but why should you buy Korean stocks without vision just because you are Korean and live in Korea?

Currently, Korean individuals' investment in U.S. stocks is 183 trillion won, which is a huge amount, which is 25% of the Korean government's annual budget.

If the KOSPI in Korea is sluggish, is it because people only buy my own house in Korea? Or is it because they don't look at Korean stocks and buy all U.S. stocks and ETFs?
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Unlike real estate, stocks are not necessities, and transactions are much easier.

In other words, if the outlook looks good, you don't have to buy Venezuelan stocks, whether it's American stocks, European stocks, or Japanese stocks, not Korean stocks.
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Some say that Koreans invest too much of their assets in Korean real estate, making Korea's domestic economy difficult.

If Koreans buy a house in Korea, they can also give the salary of bank employees who lend to get loans to buy that house.

If you buy a house like that, you can pay the employees of the construction companies who build it.

If you build a house like that, you can give the daily workers who build the house a day.

While building the house like that, the owner of the hamburger restaurant, who makes time for the daily worker to eat, can also make money.

The lady in the kitchen at the hamburger restaurant can also make money.
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What will happen to the domestic economy in Korea if Koreans don't buy homes with that money and invest all of them in U.S. stocks?

Is it going to be better than it is now, or is it going to be much worse?

As Japan's bubble economy bursts and its real estate bubble bursts, no one in Japan has been willing to buy homes, the most expensive goods that humans trade for the past 40 years.

So no one will build a house because it won't sell even if you build a house.

Therefore, no construction company employees or daily workers can create jobs.

The houses they built during their days in Leeds are getting old, but the average Japanese hold out that they won't buy them even if they die soon. Now, 40 years later, the average housing quality of the Japanese is poor, and the quality of life is poor.

The worst is that the domestic economy has been at its worst for 40 years, so no matter how many coupons the Japanese government distributes in the era of deflation, the economy cannot be revived.

The worst disaster occurred 20 years ago, with the per capita restoration of GDP decreasing.

I'd like to hear the basis for the argument that Koreans think that if they don't spend money on their own homes and buy all the U.S. stocks like the Japanese, the domestic economy will be revitalized and everyone will live well in the face of the elderly woman in our neighborhood.