South Korea's Stock Market Enters Bear Territory
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- South Korea's stock market entered bear-market territory after previously being the world's hottest stock market
- The Korean market hit a record high in June before declining due to the combined impact of competition, sustainability concerns, excessive leverage, and international outflows
Why it matters: Four overlapping pressures — competition, sustainability, leverage, and foreign outflows — have collectively erased the market's gains since its June record, marking a sharp reversal for a market recently regarded as the world's top performer.
