Woofun AI data shows that cumulative forced liquidations in the Korean stock market totaled 344.2 billion KRW in July, driven by concentrated deleveraging following a significant market downturn. On July 9 alone, liquidation volume reached 142.2 billion KRW. Due to a two-trading-day reporting delay, the clearing pressure from the KOSPI's sharp drop on July 13 is not yet fully reflected in current statistics, prompting forecasts of increased subsequent liquidations.

On July 13, the KOSPI closed down 8.95%, triggering both the Sidecar selling suspension mechanism and a Level 1 circuit breaker. The semiconductor sector led the decline, with SK Hynix falling 15.37%, its largest single-day drop on record, while Samsung Electronics closed down 10.7%. Margin and credit financing balances for retail investors continue to shrink, entrenching a negative cycle where falling prices trigger further forced liquidations.