1980년대 후반 증시호황기 ‘개미’의 탄생과 시련

Abstract

This paper examines Korea’s stock market, which soared after the three low boom in the late 1980s, and the emergence of the first large-scale individual investors called Ants. The government implemented various stimulus measures to use this as an opportunity to nurture the stock market. Among them, many ordinary investors have also stepped into the stock market through the public offering of the People’s Stock Share Program that is for the common people. It was the first large-scale individual investor to appear in the history of the Korean stock market, and it was the beginning of a mass investment society. However, stock prices have plummeted since the end of 1989, and ordinary investors have failed. The stock price crash was largely responsible for boosting the stock market’s excessive bubble by the government’s aggressive policy of volume, and for the companies of the pursuit of maximum profits regardless of the means. In particular, while promoting the “stock market for the people,” the government firmly supported the pro-capital policy whenever the contradiction of the stock market policy between the capital and the public was amplified.