Korea, the Stock Market Health Marks the Lowest Rank

According to the report by OECD, Korean Stock Market Health Index based on the internal trade ranks the 39th among 47 countries.

According to the Korean Economy Research center, a sub center of the National Association of Buiseness Men, Swiss international Management and Development (IMD) reported that Korea ranks 39th among 47 countries based on the frequency of the internal stock trade.

This report means that Korea has more internal stock trade than Columbia (ranking 30), Mexico (31), Republic of South Africa, China (33), Malaysia (35), and India (36).

Korea ranked 25 in the frequency index of the internal trade in 1997, but after IMF crisis, it dropped 29 in 1998, 40 in 1999(the year of the most brisk stock market), IMD said.

Meanwhile, Denmark ranked the first; Finland, Singapore, Germany, Australia, New Zealand, Luxembourg, Canada, Island ranked from 2~10. Russia ranked the lowest of 47.

But Korea ranked 15 based on the issue prices of shares index (308.5billion dollars) and improved 17 steps compared to 1998 and 1999(rank 32). Taiwan raked 13 (376 billion dollars) and China ranked 14 (319.7 billion dollars). The U.S. ranked the first in the issue prices of shares index with 13 trillion and 74 billion dollars. Japan ( 2 trillion and 495.8 billion dollars), England ( 2 trillion and 374.3 dollars), Germany (1 trillion and 74 billion dollars), France (991.5 billion dollars), Swiss (689.2 billion dollars), and Hong Kong (606 billion dollars) succeeded the U.S.

leej@donga.com