[KOSPI Drops, Over 500,000 Retail Leverage Trading Accounts Fully Liquidated] According to Goldman Sachs data, as of July 13, more than 1.2 million retail leverage trading accounts in South Korea triggered margin call notifications, with approximately 320,000 to 360,000 accounts fully liquidated. The Kobeissi Letter stated that as the KOSPI has dropped about 18% since July 13, the total number of fully liquidated accounts has now exceeded 500,000.