How Korea Answered a Crash With Debt Relief

Card reading BORROWERS: who Korea's joint market review meeting of August 21, 2026 was actually for, after the KOSPI fell 5.80 percent on August 19. No stock-market measure was announced; the plan was debt relief for households and small business.

Korean stocks fell 5.80% on Wednesday. A sell sidecar tripped six minutes after the open, foreign investors sold roughly ₩3.5 trillion (about US$2.5 billion), and the index closed at 6,471.17. Two days later, on Friday morning at eight o’clock, the Deputy Prime Minister sat down with the heads of the financial regulators and the central … Read more

Korea Hit Its Circuit Breakers 45 Times This Year

Bar chart of KOSPI sidecar triggers by calendar year. 2008, the global financial crisis year, had 26. All of 2025 had 3. 2026 through August 5 has 45, split 23 sell-side and 22 buy-side. A side panel notes that 9 of the 15 KOSPI circuit breakers ever recorded since December 1998 happened in 2026, or 60 percent. Figures are from the Korea Exchange as cited in the Korean press.

Korea stopped program trading 45 times in 2026 – 23 on the way down, 22 on the way up – against 26 in all of 2008. Nine of the 15 KOSPI circuit breakers ever recorded fired this year. A guide to Korea’s three-layer brake system: the sidecar, the circuit breaker, and the 30 percent daily price limit that has no US equivalent.