Minus-loan balances surge as 7,000-point rally adds 240 billion won a day

As Korea’s stock market gains attention for what is being called a “7,000-point rally,” individual investors are increasingly using overdraft-style credit lines to join the stock market. According to the original report, one investor, identified as A, recently borrowed 50 million won from a minus account to invest in stocks. Balances on minus accounts at the five major commercial banks reached their highest level in three years and four months, reportedly increasing by 240 billion won per day. Expectations for further stock gains appear to be fueling demand for loan-funded investing, but concerns are growing that a market correction could leave investors facing both investment losses and interest burdens. Source: mk.co.kr