korean financial nihilism has created one of the most aggressively degenerate cohorts of gamblers and traders - stocks, options, crypto.
this is high concentration risk and sk has little internal competition and many monopolies (economic clientelism too)
my mom said late q2
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)
