SEOUL/POHANG, South Korea -- When a group of young women met over bubble tea at a cafe in Pohang, South Korea, last week, there was a hot topic of conversation -- the stock market.
"I bought shares in Naver and AmorePacific recently. But I won't buy Posco because it is still at the bottom," said one. Trading is "simple and easy," the woman, in her 20s, told one of her friends. "You can search for brokerage houses on the internet, like Kiwoom, and open your account there." Kiwoom Securities is the country's biggest online brokerage house.