This summer, countless South Korean retail investors felt this reality so tangibly for the first time:
Between a bull market and bankruptcy, there may be only one trading day apart.
On July 13, SK Hynix plummeted by over 15%, marking its largest single-day drop in 20 years, dragging the entire South Korean market down almost entirely on its own.
Hundreds of thousands of leveraged South Korean retail investors were liquidated overnight.
Rumors once spread on social media that someone, overwhelmed by massive stock losses, was considering jumping off a building.
Unusually, there were no skeptical voices in the comment section. In an instant, everyone believed the young man standing there intended to take his own life, and the only…