Number of stock accounts hits record high on bull run

The number of stock trading accounts in South Korea has reached a new high, thanks to a bull run led by major chipmakers despite some market gyrations, data showed Thursday.

The number of trading accounts stood at 108.7 million as of Wednesday, up more than 10 million accounts from 98.28 million tallied at the end of last year, according to the data from the Korea Financial Investment Association.

The figure has been rising sharply this year as more retail investors purchased local heavyweight s ...