Independent research on Korean equities · KOSPI · KOSDAQ · DART filings
How Korea’s 8%/15%/20% circuit breakers and 5% sidecars work, why KOSPI halted 10 times in 2026, and why the real cost came as next-morning forced selling.
Korea’s margin call wave: at least 23,800 accounts force-sold in early October, about KRW 4.5bn more per 1%p drop, and why Samsung now sets the next wave.
Korea caps margin loans at 15% per stock from Oct 19. Why that misses the real driver of forced selling, with KOFIA data, a KRW 100mn account and Japan’s rule.
