Yonhap News Agency: Korean retail investors use overdraft accounts to borrow and bargain

According to Yonhap News Agency, the South Korean Composite Stock Index (KOSPI) experienced a sharp two-day correction due to negative news from the US stock market and a sharp drop in semiconductor stocks. The balance of overdraft accounts of major commercial banks increased by 600 billion Korean won, about 2.67 billion yuan, and retail investors used overdraft accounts for borrowing and investment.