Retail investors bristle as gov't shifts blame for won's slide onto overseas stock traders

Lee, a 39-year-old office worker at a consulting firm who invests in Tesla and other U.S. stocks, said his frustration has grown after being notified by his brokerage that its incentive scheme for overseas stock trading would end earlier than initially thought. The move comes as financial authorities have urged brokerages to curb marketing related to overseas investment as part of efforts to prop up the local currency amid a sharp rise in the won-dollar exchange rate. “Promotional benefits and information channels for overseas investing are disappearing. It feels as though the responsibility for currency instability is being shifted onto individual investors,” Lee said. “Domestic stocks have clearly lost their appeal, yet under the banner of exchange rate stabilization, the government is intervening even in individuals’ overseas investments.” Online stock forums are also being flooded with complaints such as, “Exchange rates are a macroeconomic issue. Why are retail overseas investors being targeted?” The backlash among retail investors has intensified as the government rol