[South Korean Stock Market Turbulence Triggers 'Reverse Capital Migration': Over 24 Trillion KRW Flow into Fixed Deposits at Five Major Banks] According to Deep Tide TechFlow on August 1, citing South Korean media outlet Daum, recent volatility in the South Korean stock market has significantly cooled investor risk appetite, with capital flowing back into banks and other safe-haven assets. Due to adjustments in the semiconductor sector and stricter regulations on leveraged investments, funds earmarked for investment in the stock market have been rapidly withdrawn, leading to a phenomenon of 'reverse capital migration.' Data shows that as of the end of July, the fixed deposit balance at South Korea's five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) reached 973.49 trillion KRW, an increase of 24.09 trillion KRW compared to the end of the previous month, marking the largest monthly increase this year. Funds surrounding the stock market have also contracted significantly. According to data from the Korea Financial Investment Association, the balance of investor securities accounts (funds earmarked for stock trading) reached a historical high of 139.69 trillion KRW on June 4 but had dropped to 107.20 trillion KRW as of July 28, a decrease of over 32 trillion KRW in less than two months. Meanwhile, the balance of margin trading, which represents the scale of leveraged trading in the market, fell to 33.19 trillion KRW during the same period, down from the peak of 37.72 trillion KRW recorded on July 2, a decline of approximately 4.5 trillion KRW or about 12%.