Odaily Planet Daily reports: The Kobeissi Letter posted on X that, according to Goldman Sachs data, as of July 13, over 1.2 million leveraged retail trading accounts in South Korea received margin calls, with an estimated 320,000 to 360,000 accounts fully liquidated, accounting for approximately 3.4% of South Korea’s adult population. With the KOSPI index falling about 18% since July 13, the number of accounts fully forced to close is now estimated to exceed 500,000.
Over 500,000 Korean leveraged retail accounts may have been fully liquidated.
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Summary
A report from The Kobeissi Letter on X, citing Goldman Sachs data, shows that over 1.2 million leveraged retail accounts in South Korea received margin calls by July 13. Approximately 320,000 to 360,000 accounts were fully liquidated, impacting 3.4% of adults. With the KOSPI down nearly 18% since then, liquidations are now projected to exceed 500,000. The risk-to-reward ratio for margin trading has deteriorated, raising concerns about retail investor exposure.
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