The Korea Times
When brokerages rolled out tax-incentivized reshoring investment accounts (RIA) on March 23 as part of the government’s push to lure overseas stock investments back home, a 60-year-old business owner surnamed Park paused to consider his next move. Park, who has put more than 40 million won ($33,200) into U.S. equities, weighed the option, but ultimately decided not to open an account. “U.S. stocks have taken a hit after the Middle East conflict, which makes this a buying opportunity,” he said. “Rather than giving that up and shifting funds now, I think it’s better to wait for the market to recover.” According to the Korea Financial Investment Association, RIA accounts opened through 23 domestic brokerages totaled 91,923 as of Thursday. Securities firms have been offering fee waivers and cash incentives in a scramble to attract users, helping drive a surge in sign-ups within just 10 days. But the money hasn’t followed at the same pace. Total assets flowing through RIAs stood at 482.6 billion won, a mere 0.2 percent of the 223 trillion won held by Korean investors in foreign e
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