In South Korea, parents are actively opening investment accounts for their children, even before they learn to crawl. The number of investment accounts for kids under one year old has nearly tripled from last year, reaching 15,000:
New account openings for those aged 0 to 9 have soared nearly 60%, totaling around 185,000:
This enthusiasm, sparked by Korea's AI-driven market rally, has led to a trend toward generational wealth planning:
Parents believe that long-term investing is a better choice than keeping money in savings accounts:
For instance, Lee Hye-won, a nurse, states that her family invests about 300,000 to 400,000 won (around $210-$300) monthly in U.S. ETFs:
The government and brokerages are also working to encourage infant investments by offering tax benefits:
