TechFlow news, July 17, according to Cailianshe, Goldman Sachs Trading Division Managing Director Ioannis Blekos pointed out that as of July 13, more than 1.2 million retail leveraged credit accounts in the South Korean market had triggered margin calls, and approximately 320,000 to 360,000 accounts had been forcibly liquidated by brokerages. South Korea's population aged 15 to 64 is about 35.7 million; based on this estimate, approximately 1 in every 30 working-age individuals received a margin call.
According to reports, margin balances in retail brokerage accounts have decreased by about 30 trillion won, dropping to the lowest level since February 20 this year. Meanwhile, the proportion of accounts receiving margin calls rose to around 5% last Friday and is expected to rise further as selling in the semiconductor sector intensifies. It is reported that Thursday's capital flow data shows foreign and domestic institutional investors are withdrawing.
