An image of Dunamu's platform for unlisted stock trading. (Dunamu)
Stock trading transactions on mobile platform Stockplus more than doubled in the first half of the year, mainly due to retail investors, platform operator Dunamu said Tuesday.
The transaction volume between in the January-June period rose 117.5 percent on-year, with the accumulated transactions exceeding 100 trillion won ($83.9 billion).
The transaction volume reached 24.4 trillion won in the six months, surging from 11.2 trillion won in the same period last year. The figure is even higher than the annual stock transaction volume last year which stood at 23.4 trillion won.
“An increasing number of individual investors have jumped in the stock market thanks to high-profile initial public offerings, including the one for pharmaceutical firm SK Biopharmaceuticals,” said an official from the platform operator.”
The widespread use of smartphone stock trading systems has also driven the growth.”
By Kim Young-won (email@example.com