High leverage in the stock market, South Korea has one person for every 30 adults who is subject to additional margin calls.

Ioannis Blekos, Managing Director of Goldman Sachs' trading department, pointed out that as of July 13th, over 1.2 million retail leveraged credit accounts in the South Korean market have triggered margin call notices, with approximately 320,000 to 360,000 accounts being forcibly liquidated by brokerages. South Korea has a population of around 35.7 million people aged 15 to 64, and based on this estimate, about 1 in every 30 working-age individuals has received a margin call notice. It is reported that the margin balance of retail brokerage accounts has decreased by approximately 3 trillion Korean won, reaching the lowest level since February 20th of this year. At the same time, the proportion of accounts receiving margin call notices rose to around 5% last Friday, and is expected to further increase with intensified selling in the semiconductor sector. It is known that Thursday's fund flow data showed that foreign and domestic institutional investors have been withdrawing. On Friday, the South Korean stock market was closed for a public holiday.