1.2M KOREANS JUST GOT COOKED

Over 1.2 million Koreans just got margin called in a single day. That's one in every 30 working age adults in the country. Leverage just means borrowing money to make a bigger bet than your own cash allows. And a margin call is when that bet starts losing and your broker says, put in more money right now or we're going to sell your stuff for you. That's what happened to over 1.2 million people in a single day. In Korea, there's a word for this whole culture. Bittu. It literally means debt investing. Borrowing money just to buy stocks. And it's been building for months. By July, margin debt hit almost 38 trillion won. That's around 25 billion US dollars. Here's the part that actually did the damage. That debt wasn't spread across the market. Almost a third of it, 10.7 trillion won, so just over 7 billion US dollars, was sitting in just two stocks. Samsung and SK Hynix. I called this exact setup in my last video. Two stocks, both chip makers, both riding the same AI demand story. So when they took a hit, there was nowhere to hide and they kept taking hits right until this whole situation unraveled. It wasn't the market dropped a bit and some people lost money. It was hundreds of thousands of people all holding the same bet with borrowed money all at the same time. So just a few days ago on July 13th, the Kospi dropped 8.95% in one session. Samsung falls 10.7% and SK Hynix falls over 15%. It's the worst day ever. That's when it caught up with them and over 1.2 million people got margin called. It's estimated around 360,000 people actually got forced liquidated. Their shit went to zero. Just in this month of July, that's over 344 billion won in forced selling. That's more than 200 million US dollars just gone. People are calling this a crash. It's not. It's what happens when a third of a million retail traders are all leveraged into the same two companies. One bad week and no diversification to soften the fall.