Online trading skyrockets in South Korea -

Ulhas Joglekar uvj at vsnl.com
Mon Aug 26 17:54:07 PDT 2002


The Times of India

Online trading skyrockets in South Korea

REUTERS

SUNDAY, AUGUST 25, 2002

SEOUL: Click, Click, Click. That's the way most South Koreans buy and sell stocks now. Helped by one of the world's highest Internet penetration rates, online trading has carved out a record 52 per cent of total turnover on the Korean bourse, from a mere 1.9 per cent in 1998.

Trading this way gives many punters an edge over conventional methods of placing orders by telephone, or face-to-face.

"It's easier, faster and cheaper," said Yoon Yong-nam, 38, a former investment banker who spends several hours each day buying and selling stocks on his home computer.

http://timesofindia.indiatimes.com/articleshow.asp?art_id=20142579



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