Best Investing Apps in South Korea ( For Beginners )

Summary

In this informative video, Yasin addresses the needs of foreigners looking to invest in South Korea by discussing the best investing apps, the importance of eligibility, and the necessity of a consistent investment strategy. He warns against potential scams, recommends starting with small investments, and suggests index funds and tech companies as viable options. Yasin emphasizes the value of long-term planning and consistency for potential wealth accumulation, while also inviting viewers to engage with the channel for further questions and support.

Takeaways

• 🌐 The video is about the best investing apps in South Korea for foreigners.
• 🤔 Three key questions for foreigners to consider before investing in South Korea are: eligibility, duration of stay, and consistency of investment.
• 📱 There are various investing apps available, but caution is advised due to the presence of scams; recommended to use legal securities offices.
• 🏦 Securities offices like Namu, Chang, Shinhan, and others are suggested for their legality and low fees.
• 💰 Start with a small investment, like 50,000 Korean won (less than 50 USD), to learn the basics of investing and trading.
• 🕊 If staying less than a year in South Korea, investing is not recommended for wealth gain, but learning purposes are acceptable.
• 📈 For long-term stays, investing in tech companies or index funds is suggested, as they are well-analyzed and offer potential growth.
• 🌍 Foreigners with a valid visa can invest in foreign stocks, such as US, Canadian, or Australian, through South Korean securities offices.
• 💼 Consistent investing is crucial for portfolio growth; sporadic large investments are not as effective as regular smaller ones.
• 📊 A long-term investment plan, ideally starting from an early age, is recommended for those aiming to become rich or retire wealthy.
• ✉️ The presenter offers to answer specific questions through video, chat, or phone calls and encourages viewers to subscribe and engage with the channel.

Q & A

What is the main topic of the video?

The main topic of the video is about the best investing apps in South Korea for foreigners.

What are the three key questions the presenter suggests foreigners should ask themselves before investing in South Korea?

The three key questions are: 1) What are the investing apps? 2) How long will you stay in South Korea? 3) Are you able to invest consistently?

Why does the presenter warn against using certain investing apps without proper research?

The presenter warns against using certain investing apps due to the presence of scammers who aim to take away investors' money.

What type of places can foreigners go to for advice on investing in South Korea?

Foreigners can go to securities offices in different cities in South Korea, such as Cookman Securities, Uri Securities, Samsung Securities, and Hyundai Securities.

What is the recommended initial investment amount for someone new to investing in South Korea?

The recommended initial investment amount is 50,000 Korean won, which is less than 50 US dollars.

Why does the presenter advise against investing in South Korea if you are staying for less than a year?

The presenter advises against investing for less than a year because it's unlikely to make significant money or get rich in such a short period.

What types of stocks does the presenter recommend for foreigners looking to invest in South Korea?

The presenter recommends tech companies like Coupang and KakaoTalk as well-analyzed stocks, but also suggests index funds as a safer option.

Can foreigners invest in foreign stocks while in South Korea?

Yes, foreigners can invest in foreign stocks such as US, Canadian, or Australian stocks in South Korea as long as they have a legal status and a valid visa.

What is the importance of consistency when it comes to investing in South Korea according to the presenter?

Consistency is important for portfolio growth. Investing a small amount regularly can lead to significant growth over time.

What is the presenter's advice for those who are in their early 20s or 30s and considering investing in South Korea?

The presenter advises that starting to invest in the early 20s is highly recommended, and even in the early 30s, it's still okay to start as long as it's done consistently with a long-term plan.

How can viewers get in touch with the presenter for more questions or assistance?

Viewers can comment below the video, or contact the presenter through email for more questions or assistance.