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Kospi’s Sharp June-August Drop Hits Bank Worker’s Savings

8/14/2026

46 8 Full Breakdown

Summary

Story summary

Bank worker Yongjoon Kim lost 20 million Korean won ($14,000) on the stock market.
He planned to buy a home before his marriage, but his tech investments fell about 25 % in July.
The Kospi rose above 9,000 in mid-June, fell to 5,500, then recovered to about 6,800.
Wee Khoon Chong of BNY said the June-August correction was among the sharpest in index’s history, comparable to Covid-19 and the 1997 Asian crisis.

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Story summary

Bank worker Yongjoon Kim lost 20 million Korean won ($14,000) on the stock market.
He planned to buy a home before his marriage, but his tech investments fell about 25 % in July.
The Kospi rose above 9,000 in mid-June, fell to 5,500, then recovered to about 6,800.
Wee Khoon Chong of BNY said the June-August correction was among the sharpest in index’s history, comparable to Covid-19 and the 1997 Asian crisis.