Korea's Baby Brokers: A Culture of Early Investing Takes Hold As I walked through the streets of Seoul last month, I noticed a peculiar trend: parents proudly displaying their infant children's investment portfolios on social media.
South Korean parents are taking their children's financial futures very seriously indeed – so seriously that they're opening brokerage accounts for their kids even before they can walk.
Mirae Asset Securities, Korea's largest brokerage by market cap, reports that the number of infant investment accounts has nearly tripled over the past year, with over 15,000 such accounts opened in June alone.