The Korean stock market went from nearing 9,000 points to triggering a circuit breaker—most panicked are the 'ant army' who leveraged up to chase the AI semiconductor rally. Samsung Electronics and SK Hynix once propped up most of the market, with retail investors piling into margin financing, credit loans, and leveraged ETFs. Even elderly folks started cashing out insurance and maxing out credit limits to trade stocks. Once the market leaders dipped, foreign capital pulled out, the Korean won weakened, and margin pressure intensified—all turning the frenzy into a stampede. The most dangerous part of this Korean stock correction is that nationwide FOMO has become deeply tied to leverage.