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🚨 1.2 million Koreans just got margin called in a single crash. That is roughly 1 in every 30 working age adults in the entire country. Korea's Financial Supervisory Service says over 1.2 million leveraged retail accounts triggered margin calls as of July 13. Between 320,000 and 360,000 of them were fully liquidated by brokers, principal wiped out, and some now owe money to their brokerage. The KOSPI fell 8.95% on Monday, its third worst day since Lehman, and triggered the 7th circuit breaker of the year. SK Hynix CRASHED 15.37%, its biggest fall on record. Samsung CRASHED 10.7%. Retail brokerage deposits have collapsed by ₩30 trillion to ₩107.1 trillion, the lowest since February. And the forced selling data runs two days behind. Monday's crash has not even shown up in the numbers yet.