説明文:
In July 2026, South Korea’s KOSPI fell 8.95 percent in a single day and rebounded 6.24 percent two days later, triggering the year’s seventh circuit breaker. Beneath the swings sat a record buildup of borrowed money: margin debt near an all-time high of 38 trillion won, and a rush of cash into single-stock leveraged ETFs cleared for sale only in May. Samsung Electronics and SK hynix alone came to make up more than half of KOSPI’s market capitalization. This video argues that the volatility is not simply a story of reckless individuals. In a society where working and saving no longer reach housing or a secure retirement, the government, the financial industry, and households each behaved rationally, and the sum of those rational choices turned the whole market into a debt-fueled, all-in bet on two stocks. We trace how the ladder broke, and why the same structural logic reaches well beyond Korea.
Note: the Reddit section summarizes the tone of the original thread. It does not represent Korean public opinion. Figures and regulatory details are drawn from reporting and are flagged as such.
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