The South Korean stock market closed on Friday, December 20, 2024, and the KOSPI did not rise at all, so South Korean media published lamentable articles. Shown above is the daily chart of KOSPI on December 20, 2024. Although the closing price was 2,404.15, just above 2,400, the lowest price was 2,389.86, and the wicks have already fallen below 2,400 (chart taken from investing.com: same below). What’s interesting is how much each player sold in the one month period from November 20th to December 20th, 2024. Foreign investors have sold 4.9486 trillion won in the past month. The net sell-off was about 5 trillion won, but what’s interesting is that individual investors also sold 1.4 trillion won. The feeling is that we can’t afford to deal with such hopeless Korean stocks. I’ll post again the data I introduced previously about South Korea losing one person. Please see below. The above figures are not calculations made by the author himself. This is simply a graph of data from a report published by the Bank of Korea. As shown above, all developed country stock market indices are positive. However, among emerging market indices, South Korea’s KOSPI is doing the worst of all. It is performing worse than the Russian “moex” with whom we are currently at war. You can see how bad Korea is. It’s not President Yoon Seok-yeol’s fault! Some Korean media outlets have written that it’s “because of the martial law incident,” but that’s a lie. Even if President Yoon Seok-yeol had not declared emergency law, South Korean stocks would have been on a downward trend (contrary to the country calling itself a developed country). Take a look at the monthly chart of kospi below (each candlestick represents one month of price movement). Since July 2024, the Kospi has been falling. It is true that December, when the martial law incident occurred, also had a negative line, but the truth is that the fundamentals are poor to begin with, so there is no way for the market to rise. The only remaining semiconductor stock – Samsung Electronics, known as the national stock – is showing the following price action (daily chart). It’s not going up at all. Therefore, claims that the market has lost its trust due to the martial law incident seem to be nothing more than blaming everything on President Yoon Seok-yeol. This excuse also shows the tendency of people on the Korean Peninsula to blame others for everything (it’s his fault = it’s not my fault). (Yoshida Hunting @dcp).
Work is experiencing the largest number of bankruptcies ever. ＞＜ The number of bankruptcies is 834, exceeding the same month of the previous year for 31 consecutive months, and the cumulative total for 2024 as of November is the highest since 2015 – Nationwide Corporate Bankruptcy Statistics November 2024 Report.
Strikes happen frequently and there’s a law that requires workers to be paid even during strikes, so there are risks involved regardless of martial law.
>>14 In a lawless place where union members storm into a meeting room during a board meeting to discuss strike measures, it’s no wonder people run away lol.
>>29 If we’re talking about foreign capital flight, it started around the time of the Park Geun-hye impeachment scandal, and when he was a congressman he was known as a conglomerate sniper lol. I think it started to get serious around the time Moon Jae-in became president. Even so, Donghak Ants happily bought up the assets in Korea that had collapsed in value, but they’ve run out of steam lol.
Vegetable Netuyo Fat Breaking News!! Saito told reporters in Kobe on the 20th, “The complaint has been accepted and I believe an investigation will be conducted, so I would like to refrain from commenting.” Has he been arrested yet? Chin♪ Chin♪.
Japan and the US should reflect on this. It was a failure to force democracy, free economics, and the rule of law on a people whose level of civilization is that of monkeys. We should have used force to suppress them, just like the Chinese did.
Foreign financial institutions have already withdrawn from the market following the Oink lawsuit. Even Mizuho Bank recorded a special loss and withdrew loans four years ago. If Japanese companies withdraw, financial institutions could withdraw too.
>>55 No, it’s better than expected lol His usual tactic is to buy up assets at rock bottom prices and sell them at the peak of the bubble And right now he’s all set to buy up assets that have plummeted to the point of being worthless And he’s probably just waiting for the won to hit rock bottom lol.
58 If you say that someone is cutting things up for their own convenience, and you give them a source that you’ve cut up for your own convenience, you’ll just look stupid lol.
The recession of companies like Samsung is an easy-to-understand indicator of the recession in Korea. They sold too much memory, which destroyed the market, and to top it off, cheap Chinese products at low prices and an oversupply have solidified the collapse of the memory market. They can’t get a share of the profitable cutting-edge HBM memory market. The memory market has collapsed, and although they are reducing production, there is no prospect of the memory market recovering. The collapse of the memory market will significantly weaken Korea’s foreign currency pillar and management.
>>78 The money is there because Japan and the US put their money into it. Even if they withdrew it all, the total would still end up in the red. The US even poured in the blood of their soldiers.
>>87 Korean securities companies are also decrying that KOSPI’s PBR is at a historic low, so it’s about time it was bought! But there’s no sign of that happening at all.
>>91 Samsung’s stock price once fell 30% right after it posted its highest profit ever. Korean stocks are not being bought because the market knows very well what will happen in the near future.
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