Data: Over 500,000 Korean Leverage Retail Accounts May Have Been Totally Liquidated

Odaily Planet Daily News The Kobeissi Letter posted on X platform, stating that according to Goldman Sachs data, as of July 13th, over 1.2 million leveraged retail trading accounts in South Korea triggered margin calls. It is estimated that 320,000 to 360,000 accounts were completely liquidated, accounting for approximately 3.4% of South Korea's adult population. As the Korea Composite Stock Price Index (KOSPI) has fallen about 18% since July 13th, it is estimated that the number of accounts that have been fully forced into liquidation has now exceeded 500,000.