The number of Korean baby account securities increased by 200 per cent over the same period

ON 7 AUGUST, ACCORDING TO CNBC, KOREAN PARENTS WERE STEPPING UP THE START-UP ADVANTAGE OF BUILDING LONG-TERM WEALTH FOR THEIR CHILDREN, MANY OF WHOM HAD OPENED INVESTMENT ACCOUNTS FOR THEM BEFORE THEY LEARNED TO CLIMB OUT OF THEIR CRIB. IN JUNE THIS YEAR, THE NUMBER OF SECURITIES ACCOUNTS IN THE NAME OF A CHILD UNDER THE AGE OF ONE YEAR INCREASED SIGNIFICANTLY BY 200 PER CENT OVER THE SAME PERIOD, TO ABOUT 15,000. THE NUMBER OF NEWLY OPENED INVESTMENT ACCOUNTS FOR CHILDREN UNDER THE AGE OF 9 HAS INCREASED BY NEARLY 60 PER CENT, TOTALLING ABOUT 185,000, AFTER THE ELIMINATION OF DUPLICATE ACCOUNTS。