KOSPI: Retail Margin Debt Surges on Semiconductor Loans

KOSPI retail traders have exhausted margin capacity and shifted to direct bank borrowing to chase leveraged semiconductor positions, with 60-year-olds now the fastest-growing group opening trading accounts. The move revives memories of KOSPI retail margin debt historical crises while accelerating the Korea semiconductor stock rally retail borrowing 2025-2026 cycle, as noted in multiple Korean media reports and highlighted by analyst Omkar Godbole.