Except for stocks purchased by foreigners and institutions intensively this week

Kicking a ladder is a kick.

Except for stocks purchased by foreigners and institutions intensively this week due to concerns over a financial investment tax, overall adjustment is taking place. Small and medium-sized stocks are particularly on the decline. Due to concerns over the recent financial investment trend, let's liquidate stocks first, focusing on large-cap stocks. Investors should invest in foreign stocks with the organized cash, sell only a small number of Korean stocks (foreign preference stocks), or buy Korean stocks when the overall stock market crashes due to the issue of a financial investment tax after storing cash. Foreigners will also likely see it as a good opportunity to buy Korean stocks at low prices if their stock prices plunge due to the implementation of a financial investment tax. As Korea had the experience of sweeping all Korean blue-chip stocks when Korean stocks plummeted during the International Monetary Fund (IMF), the latest financial investment issue will likely serve as a great boon to foreign capital. For major shareholders, if stock prices plunge due to the financial investment tax issue, it will be a good opportunity to close the succession by handing over shares at a low price. The problem is that only individual stock investors will fall to victims. The basic perception of the opposition party is that the stock market is viewed as a speculative market, not a place for sound wealth formation.

The implementation of the financial investment tax will certainly benefit foreign capital and major shareholders, and serve as a negative factor for most individual investors. In the end, the implementation of the financial investment tax will serve as an opportunity to further solidify the gap between the rich and the poor in Korea. Obviously, the financial investment tax is a kick in the ladder. Ironically, the opposition party pushes ahead despite the expected outcome.

  The side effects of the financial investment tax will eventually be concentrated in the real estate market rather than the stock market, further deepening the real estate bubble, and the damage will be impossible to cure. As I always question, the progressive regime plays a leading role in the real estate bubble, deepening the gap between the rich and the poor. Of course, I think it may be an opinion with personal bias