Samsung Securities "Investors with over 1 Billion KRW... Domestic Stock Market to Reach 4000 Points"

[Asia Economy Reporter Park Jihwan] Nearly half of domestic high-net-worth individuals with financial assets exceeding 1 billion KRW expect the KOSPI to reach 4000 points in the mid to long term.

Samsung Securities announced on the 1st that, based on a survey conducted from the 11th to the 22nd of this month targeting high-net-worth individuals with deposits over 1 billion KRW and customer analysis results from 2020, 405 asset holders (46.9%) expect the KOSPI to reach 4000 points in the mid to long term. Meanwhile, 312 respondents (36.2%) predicted that 3500 points would be the peak, and 91 asset holders (10.5%) believed it would reach 5000 points.

As of the end of last year, the stock assets of investors who deposited over 1 billion KRW with the company increased by an average of 45.6% over the past year. The increase in stock assets is interpreted as resulting from both the rise in stock prices and the increase in investment amounts.

Among these high-net-worth individuals, stock assets increased across all age groups, with those in their 30s showing the highest growth rate at 68.5% compared to the end of 2019. This was followed by those in their 60s (56.5%), 50s (55.3%), and 20s (50.1%), all showing over 50% growth.

Notably, the growth rate of overseas stock assets was remarkable. Overseas stock assets for those in their 20s increased by 309.5% compared to the end of 2019. Those in their 30s (257.8%) and 50s (234.7%) also increased their overseas stock assets by more than 200%.

High-net-worth individuals identified domestic stocks as promising investment assets for this year. Among the 863 respondents, 700 (46.6%, multiple selections allowed) chose domestic stocks as promising assets for this year. 471 (31.3%) selected overseas stocks. Gold and raw materials (113 respondents, 7.5%) followed, while real estate accounted for only 108 respondents (7.2%).

Additionally, more than one in four respondents (232, 26.9%) expressed willingness to use 100 million to 300 million KRW of their bank deposits for stock investments this year. Those intending to invest over 1 billion KRW also numbered 202 (23.4%).

Regarding domestic stocks they wish to hold for over 10 years, Samsung Electronics was overwhelmingly favored (470 respondents, 48%). This was followed by Hyundai Motor (102 respondents, 10%) and Kakao (80 respondents, 8%). For overseas stocks, Apple (288 respondents, 32%) was chosen more than Tesla (236 respondents, 26%). Amazon also accounted for 135 respondents (15%).

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