Many people these days invest in paintings and artworks.
In particular, people often make fractional investments by dividing funds into smaller amounts for artworks or tangible assets, and a new market is expected to open where these fractional investments can be bought and sold as products, just like stocks.
The Korea Exchange (KRX) plans to open a new securities market on November 16 where fractional investment products can be traded.
Until now, fractional investments have been operated separately by individual companies rather than securities firms.
Going forward, because these products will be officially traded within the exchange, investors will be able to buy and sell them as conveniently and safely as stocks simply by having a securities account.
The exchange plans to officially open the market after running a mock market for six weeks starting on the 6th of next month.
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