According to Korean media, following a sharp stock market decline, South Korean financial authorities held an emergency meeting on the 16th to examine measures such as raising margin requirements for leveraged products, strengthening investor eligibility reviews, and controlling market volatility. The South Korean government also plans to launch a unified debt consultation hotline, “1375,” starting in October this year, to provide affected investors with advice on debt restructuring, personal bankruptcy, and financial assistance. It is reported that accounts declared bankrupt among individuals aged 20 to 30 account for 62%.
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