87
South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market
(finance.yahoo.com)
poooooooooooooop
just POP already omg
this post was submitted on 29 Jul 2026
87 points (100.0% liked)
World News
41260 readers
205 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 6 years ago
MODERATORS
Something something... free markets... capitalism--no! Not like that!
Is this just fraud as usual or is there something else going on? Is it at all related to antitrust allegations of price fixing and such?
China's CXMT just broke the global memory chip duopoly held by Samsung, SK Hynix and Micron. Their IPO caused a major global semiconductor stock rout and Korean markets halted trading because it's basically propped up by these companies. And on top of that, there are now increasing worries about the whole AI bubble built on circular investments. If data center build out stops then the demand for chips and memory is going to collapse too.
*starcraft marine, "Hell... It's about time."
Stop, I can only get so erect
That's extremely insightful, thank you
O7
It's also koreans addiction to gambling so they are all leveraged to the tits and buying options/futures...
~ 523,000,000,000 trillion euro, in case anyone (like me) was wondering
load more comments
(3 replies)
ROK had three main advantages that allowed it to be more prosperous than DPRK:
- It wasn't mostly destroyed by the US during the war.
- It has plenty of plains suitable for farming while DPRK has steep mountainous terrain.
- It wasn't sanctioned or embargoed.
Other events like the fall of the USSR and a major flood have also set DPRK back.
It will be interesting to watch if DPRK becomes the more prosperous nation long-term due to socialism simply being a better economic system and what this will mean for future reunification. But I am getting ahead of myself.
My prediction is that social collapse in the south will eventually lead to reunification.
Didn't unoccupied Korea say they were no longer interested in reunification? Why would they want to rehabilitate that cess pool?
Yeah, the new policy is they're not going to seek reunification, but I think that mostly implies that they see no reason to take over the south by force. If there was a collapse in the south, integrating it would mean removing US presence from their border. And that would be very valuable.
load more comments
(4 replies)
It will be interesting to watch if DPRK becomes the more prosperous nation long-term
Its been interesting to see the recent economic successes of the DPRK and to watch how even the capitalist media in the US is starting to concede to it. Now, whether that means that the US is going to try to get them to "open up" like China did is anyone's guess.
DPRK is not opening up like China any time soon. China had to open up because they had no alternatives. They had hundreds of millions of very poor people, no industry, no infrastructure, and a fallout with their biggest and most advanced ally.
DPRK is in a much better spot with functioning systems, infrastructure, and a working political system. Once the US collapses, they'll be able to trade more freely and SK will seem like the forgotten section of what used to be Korea.
Material reality starting to catch up to the idealistic capitalist periphery
view more: next ›