According to the Financial Times, South Korean retail investors are flocking to the US stock market, betting that the US stock market will continue to rise during Trump's second term as US president, while frustrated by the poor performance of the Korean stock market over the years. According to the Korea Securities Depository, Korean investors' holdings of US stocks reached a record $112.10 billion by the end of 2024, up 65% year-on-year. This is in stark contrast to their net sell-off of Korean KOSPI index stocks worth 5.40 trillion won (about $3.60 billion) in the same year. Tesla is the most popular overseas stock held by Korean investors. As of last month, Korean individual investors held a total of $24.50 billion worth of Tesla shares, followed by Nvidia ($12.10 billion), Apple ($4.90 billion) and Microsoft ($3.20 billion). "This shift highlights the frustration of shareholders with the local stock market due to poor returns," said Namuh Rhee, head of the Korea Corporate Governance Forum. "Unless something dramatic happens, this trend is likely to continue."