Reshoring accounts top 1tr won on Kospi rally

South Korea’s record-setting Kospi rally is driving a surge in reshoring investment accounts, or RIAs, with balances topping 1 trillion won ($675 million) as retail funds begin to flow back from overseas markets. According to the Korea Financial Investment Association on Thursday, RIA balances had reached 1.05 trillion won as of Wednesday, with the number of accounts rising to 160,000. The scheme is designed to encourage retail investors to repatriate funds from overseas stock markets by offerin

By The Korea Herald