South Koreans ‘intoxicated by stocks’ swarmed market frenzy – and lost everything

It was a ⁠vision to give South Korea a stock market that reflected its true economic ⁠dynamism, by shedding regulatory taboos and encouraging bolder bets – instead, it created an investor trauma that could take years to shake. The ⁠30 per cent decline in the Kospi benchmark since its June 19 peak has hurt President Lee Jae Myung’s government politically and turned the spotlight on an economic…