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SOUTH KOREAN MARKET IS CRASHING SO MUCH THAT THE GOVERNMENT HAD TO LAUNCH A SUICIDE PREVENTION HOTLINE. KOSPI crashed -20% over the last 2 trading days. Korean retail investors borrowed heavily on margin loans and single-stock leveraged ETFs to chase this year's rally, and now that same leverage is wiping them out just as fast on the way down. SK Hynix's single-stock leveraged ETF crashed 32% today alone. Individual investors sold over 2 trillion won worth of shares in panic today, trying to get out before losses grew worse. Forced liquidations from these leveraged bets have wiped out 2.3 trillion won over the past two and a half months, retail accounts getting automatically sold out once losses passed what their loans could cover. That's exactly why the Financial Services Commission is now launching a nationwide debt-counseling hotline in October, officially part of an "Economic Crisis Family Suicide Prevention Plan," a direct response to the debt crisis this leverage created. KOSPI has now dropped from the world's 6th largest stock market to 11th largest in just a month. 9 circuit breakers have hit this year alone, out of only 15 in the exchange's entire 26-year history. The 2008 Global Financial Crisis took KOSPI down 57%, but that happened in 371 days. The Fed rate hike and COVID crash took it down 44% over 784 days. This crash has already hit 43% in just 40 days. $KORU $KR200