By Joori Roh and Luoyan Liu
SEOUL/SHANGHAI (Reuters) – South Korean retail investors are stampeding into Chinese stocks in record numbers, ploughing hundreds of millions of dollars into a tech sector rush far removed from punishing taxes and regulations on investment at home.
In July alone, South Korean investors spent $240 million buying shares in mainland China, data from the Korea Securities Depository (KSD) showed – their largest investment in mainland markets on record.
That’s a seven-fold jump from $32.9 million in July last year, and accounts for a third of the total $719 million net investment in China stocks for the January-July period.
While South Korean mom and pop investors have historically been big risk-takers, they have stepped up the hunt for assets overseas as the Korean government imposes stringent …
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