[Goldman Sachs Advises Clients to Hedge Against Potential Decline in South Korean Stock Market] BlockBeats News, June 16, ZeroHedge reported that Goldman Sachs has advised clients to hedge against a potential decline in KOSPI, as the Bank of Korea takes measures to limit credit loans and overdrafts in an effort to curb debt-driven stock market frenzy. The report highlights that under regulatory guidance aimed at cooling an overheated stock market, major South Korean banks (such as Hana Bank, KB Kookmin Bank, Shinhan Bank, etc.) have recently imposed strict limits on credit loans and overdraft amounts. For instance, Hana Bank has set a cap of 100 million KRW (approximately $65,881) for new credit loans to high-income earners, with an overdraft limit of 50 million KRW; similar restrictions by KB Kookmin Bank took effect starting June 16. These measures are intended to address "debt-driven investments" (using borrowed money to trade stocks), following previous restrictions on mortgage loans due to rising housing prices. Household loans surged in May, primarily linked to stock market investments. As a result, Goldman Sachs has urged clients to prepare hedges for a potential KOSPI pullback, reflecting a cautious stance toward the current market frenzy, despite Goldman Sachs having previously raised its KOSPI target price multiple times. [Original Link]