[Korean Trading Platform Triggers KOSPI Index Sidecar Mechanism, Programmatic Trading Paused for 5 Minutes] BlockBeats News, July 28: The Korean trading platform (KRX) triggered the sidecar mechanism due to fluctuations in the KOSPI index, pausing programmatic trading for approximately 5 minutes. The sidecar mechanism is primarily used to address sharp fluctuations within a short period, restricting only programmatic trading while manual trading can continue as usual. Unlike the circuit breaker mechanism, the sidecar mechanism does not halt the entire market but is more akin to a 'speed bump' during periods of market volatility. In contrast, the circuit breaker mechanism is typically used in extreme market conditions, and once triggered, it halts trading across the entire market to prevent further escalation of panic-driven volatility.