Mentioned:
Webull is bringing their retail trading platform to Korea next. But, why?
What’s happening:
- Webull (NASDAQ: BULL) has formed a new partnership with South Korean financial holding company Meritz Financial Group to expand into Korea
Why it matters:
- This is the first time ever that Webull has expanded into Korea
Going deeper:
- The new partnership between Meritz Financial Group and Webull will allow investors in Korea to directly access stocks listed on the Nasdaq and New York Stock Exchange through Webull’s platform
- Webull operates in multiple countries outside of the United States including Hong Kong, Singapore, Australia and Japan
The fine print:
- The official launch of Webull’s platform in South Korea will still ultimately require approval from regulators
The intrigue:
- Investing in stocks listed on major exchanges in America has exploded in popularity in Korea lately, with more than roughly $160B USD of assets being allocated to companies listed on the Nasdaq and New York Stock Exchange by Korean retail investors
