Kim Bo-sung says stock losses equaled two Gangnam homes

Actor Kim Bo-sung said on the KBS 2TV program(말자쇼), which aired on the 6th, that his stock investment losses were roughly equal to two homes in Gangnam, according to OSEN's review of the broadcast. Kim opened the segment by saying people should listen to women and that nothing bad comes from listening to one's wife, OSEN reported.

Kim said he 'kept loyalty with stocks' and stayed with one stock until the end, according to OSEN. He said he could have moved to another stock when he briefly made a profit, but because he held on, the investment fell to one-twentieth of its value. Kim added that if he had listened to his wife, he would not have lost all of his assets in stocks.

Kim described the approach as his 'loyalty investment method', but said it was not driven by greed for money or material things, according to OSEN. He said he had wanted to donate on a larger scale if the stock investment went well, but after the losses, he was able to donate only several tens of millions of won. He also asked that his point not be misunderstood and asked for more attention for children with cancer and patients with rare incurable diseases.

OSEN reported that Kim has continued donating tens of millions of won every year. Kim Young-hee said Kim started investing because he wanted to build a lump sum and help more patients with Lou Gehrig's disease and children with cancer. She added that it was as if the company had betrayed loyalty.

During a surprise phone call on the broadcast, Kim's wife said her husband was still having a very hard time because of stocks, according to OSEN. She said the effort began for sharing, but the amount grew as it continued, and that watching from beside him was painful while his health worried her most. She added that her motto was 'Do not regret it. Regret only adds pain', and said regretting what had already happened would only torment him.

Kim said the money he lost in stocks was approximately the value of two homes in Gangnam, according to OSEN. Yoon Hyung-bin said that if Kim had continued holding a stock he sold midway, its current value would be about 50 billion won. When cast members said it would have been better if he had held it and donated the gains, Kim smiled and said, 'I am sorry.'

Looking back on nearly 30 years of investing, Kim said he had changed his investment philosophy, according to OSEN. He said, 'I am not in a position to give advice after my holdings were delisted five times, but loyalty and stocks absolutely should not be kept together.' Kim added that stocks require being 'cunning' and that simple people who only keep loyalty should not invest in stocks. He said his last remaining stock had not been delisted and pledged to overcome the losses and keep what he called the loyalty of giving next time.

If I had listened to my wife, I would not have lost all of my assets in stocks.