The End-of-Century Days When Everyone Was Trading the Domestic Stock Market

The KOSDAQ's 225.4 in 1999 is similar to today's 2254. Since the KOSDAQ index was adjusted upward 10x in 2004, it was more than twice as high as today.

The era when securities firms posted 10 trillion won in revenue from "trading commissions" alone.

Even considering that the 2021 retail bull market spanned three quarters, securities firms couldn't manage that.

The era when every securities firm posted an average net profit of 600 million won per employee over two quarters.

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Shinyoung paid all employees annual salaries of 100 million won or more.

They were competing to recruit people with annual salaries of 1 billion won. How big is 1 billion won?

Even considering inflation, it's still hard to see 1-billion-won salaries these days.

You could save up your salary and start a securities firm.

It was an era when just investing brought average returns of tens of millions of won. The New Economy era.

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