John Lee, Why Is Retirement Preparation Difficult in Korea? "Financial Illiteracy... Lack of Knowledge About Stock Investment"

On the 21st, John Lee, CEO of Meritz Asset Management, appeared on JTBC's "Don Gilman Georeoyo - Jeongsan Hoedam" / Photo by JTBC broadcast screen capture

[Asia Economy Intern Reporter Kang Juhee] Stock evangelist John Lee advised preparing for retirement through stock investment.

On the 21st, JTBC's 'Walk the Money Path - Settlement Talk' featured a conversation with Meritz Asset Management CEO John Lee.

Economic creator Shuka introduced him by saying, "John Lee is the originator of the 'Donghak Ant Movement,' a personal investor investment movement," and added, "He is also nicknamed John Bongjun."

Asset manager Yoo Sujin added, "When CEO John Lee said he was coming to Korea, the industry was buzzing."

John Lee explained the difficulty of preparing for retirement in Korea by saying, "Korea is a financial illiteracy country. It does not teach how money works. People think only hard physical labor is important," and added, "Buying someone's stock can be seen as the employees of that company working for my retirement."

He continued, "I started investing in stocks from the age of eleven, like Warren Buffett," and said, "I hope Koreans also prepare a solid retirement through stock investment from as young an age as possible."

Then, Jeon Hyunmoo said, "CEO John Lee bought SK Telecom stocks in the early 1990s at around 30,000 won and sold them at a peak of 4.4 million won after 10 years," to which John Lee responded, "Stocks are not for short-term buying and selling. Saying you earned 30% is not stock investment but gambling. True stock investment is holding for 10 or 20 years and earning 10 or 100 times."

This content was produced with the assistance of AI translation services.