More than half a million Korean-leveraged bank accounts, or completely destroyed

ACCORDING TO MARKET NEWS: ACCORDING TO GOLDMAN SACHS' LATEST DATA, AS OF JULY 13, KOREA HAD OVER 1.2 MILLION OPEN-HOUSE LEVERAGE ACCOUNTS TRIGGERING ADDITIONAL BOND NOTICES (FORTNIGHT WARNING), OF WHICH 320,000 - 360,000 ACCOUNTS WERE EXPECTED TO BE COMPLETELY CLOSED (FORTAGE); THIS MEANS THAT APPROXIMATELY 3.4 PER CENT OF THE COUNTRY'S ADULT POPULATION HAS BEEN NOTIFIED FOR LEVERAGE. ON JULY 13, SOUTH KOREA’S KOSPI INDEX FELL FURTHER BY ABOUT 18 PER CENT; AGENCIES HAVE JUDGED THAT THE TOTAL NUMBER OF OPEN-HOUSE ACCOUNTS IN THE COUNTRY HAS NOW SURPASSED 500,000。