History Repeatedly Verifies: Korea Is Always the First Warning Indicator of Crises

English summary

Reviewing three major global financial risks, the Korean market fell in advance each time, followed by global market crashes: 1997 Asian financial crisis: The Korean won first plunged in value, KOSPI crashed 76%, foreign exchange reserves were depleted, and 12 trading days later the U.S. stock market officially broke down, beginning a global bear market. 2000 dot-com bubble burst: Korea's semiconductor sector peaked and fell 3 months ahead, then the Nasdaq plunged 78%, and the tech bubble completely collapsed. 2008 subprime crisis: Korean stocks started a sharp decline in July, and one and a half months later Lehman Brothers went bankrupt, causing the global financial system to collapse.