Data: Over 500,000 South Korean leveraged retail accounts may have been fully liquidated

TechFlow news, July 30, The Kobeissi Letter stated in a post on the X platform that, according to Goldman Sachs data, as of July 13, more than 1.2 million retail leveraged trading accounts in South Korea had triggered margin calls, with an estimated 320,000 to 360,000 of these accounts already fully liquidated. Calculated this way, this accounts for approximately 3.4% of South Korea's adult population.

The Kobeissi Letter further stated that as the Korea Composite Stock Price Index has fallen another approximately 18% since July 13, the total number of accounts currently fully liquidated may have exceeded 500,000.