Korean investors let the Vietnamese stock market turn to tech stocks and cryptocurrencies.

On December 10, news broke that South Korean traders were pulling out of the Vietnamese stock market and trading their money for cryptocurrencies and tech stocks. According to data from the Korea Securities Depository (KSD), assets worth around $ 166 million (around 100 billion won) were sold this year. Tech stocks like Tesla and cryptocurrencies, especially Bitcoin, have attracted Korean investors. This is not surprising as Tesla and Bitcoin will experience huge growth in 2021. Profits seem to be the most important for these investors. Despite the new rules introduced by the Korean government, cryptocurrencies have become very popular in South Korea. (BainCrypto)