Absolutely incredible.
In an unprecedented move, South Korea's stock market just collapsed -44% in 40 days, erasing -$2 trillion in market cap.
Now, South Korea's finance ministry has announced plans to "stabilize" the market.
What is happening? Let us explain.
(a thread)
@JamesP728 exactly, you don’t turn a saver into an investor by taxing their savings. An emergency fund that can drop 20% isn’t an emergency fund, same as a house deposit can’t ride out a market dip. Forcing the choice doesn’t create risk tolerance.
you don’t turn a saver into an investor by taxing their savings. An emergency fund that can drop 20% isn’t an emergency fund, same as a house deposit can’t ride out a market dip.
🚨NEW: The government has announced that, from April 2027, interest on cash in Stocks and Shares ISAs will be taxed at 22%, and under-65s will only be able to put up to £12,000 a year in a cash Isa, down from £20,000
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@ManLikeLight_@flyairpeace But seriously why do you guys fly air peace and expect different results, just pay the difference and get on a different line. Clearly air peace is not ready.