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Korea’s Leverage Rout Wipes Out $1.45 Billion, With Young Traders Hit Hardest South Korean retail investors lost an estimated KRW 2.15 tril…

Korea’s Leverage Rout Wipes Out $1.45 Billion, With Young Traders Hit Hardest South Korean retail investors lost an estimated KRW 2.15 trillion, or about USD 1.45 billion, from leveraged trading over the past month, with investors in their 20s and 30s accounting for 62 % of forced‑liquidation accounts. By July 13, margin calls had been triggered across roughly 1.2 million retail leverage accounts, while an estimated 320 000 to 460 000 accounts were fully liquidated by brokerages. The Korea Financial Investment Association, the country’s main securities industry trade body, reported KRW 451.9 billion in actual forced sales caused by unsettled trades between July 1 and July 13.
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