[Photo] '2020 KOSPI Closes at All-Time High'

As the COVID-19 pandemic prolonged in 2020, it was the "Donghak Ants" who supported the shaken stock market. This year, a new term "Donghak Ant Movement" emerged amid the surge of individual investors in stocks. It is a metaphor comparing domestic individual investors buying large amounts of Korean stocks against institutions and foreigners to the 1894 anti-foreign Donghak Peasant Movement. Since the KOSPI index surpassed 2000 in July 2007, it has been stuck in a range for 13 years and never approached the 3000 mark. On December 4, the KOSPI index exceeded 2700 for the first time ever, raising expectations that it will surpass 3000 next year. The photo shows the bustling Yeouido financial district late into the evening. / Reporter Kang Jin-hyung aymsdream@ / Reporter Kang Jin-hyung aymsdream@

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