Lim Hyun-sik opens stock account forgotten for 25 years: 'A complete reversal'

South Korean actor Lim Hyun-sik recently shared a series of unfortunate stock investment experiences during an appearance on the MBN program 'Kim Ju-ha's Day & Night.' While offering financial advice to fellow actress Hwang Suk-jung, whose flower business has been impacted by the economic slowdown, Lim revealed his own turbulent history with the stock market.

“

I do stocks that I think are expensive.

Lim recounted an investment made 25 years ago in stocks related to the shipbuilding industry. He admitted to purchasing shares he considered expensive, then largely forgetting about them for over two decades. Upon finally checking the account, he discovered that his initial investment of 10,000 won had dwindled to a mere 2,500 won, leading him to conclude that stock trading was not for him.

“

I bought stocks related to the shipbuilding industry 25 years ago, and I forgot about them for a while, but I checked them recently.

His investment woes did not end there. Lim also detailed a more recent experience from two to three years prior, where he purchased stock in an electricity company at around 250,000 won per share, based on a friend's recommendation. Feeling anxious as the price began to decline, he decided to sell. However, he later learned that the stock had surged dramatically, reaching 2.7 million won per share, highlighting his consistent failure to time the market effectively.

“

The stock I bought for 10,000 won turned out to be 2,500 won. I thought, 'This is not for me.'