The Korea Times
HONG KONG — As his 8-year-old son blew out the candles on his birthday cake in February, Choi Nam-joon gave him a present he hopes will keep growing long after the party ends: three shares of Samsung Electronics. The shares, worth a total of about 500,000 won ($331) at the time, were added to the boy’s brokerage account, part of a plan the 42-year-old Korean office worker sees as the most realistic way to help his son build wealth. Choi’s family cannot afford to buy a home in one of Seoul’s most sought-after districts. Nor does he want to buy a cheaper property outside the capital, which he believes is exposed to long-term decline. “I try to get my son interested in the stock market by doing this together,” Choi said. “It’s a way to help your child build assets through the magic of compounding, while also saving on tax.” Across East Asia, parents and grandparents are beginning to rethink what kind of wealth is most worth passing on. For decades, property and savings were the dominant answer, especially in China. But as populations age and confidence in real estate weaken
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