Korea's KOSDAQ turned 30 on July 1st with a structural overhaul — while the June volatility hangover pushed forced-selling liquidations to their 2026 peak.
KOSDAQ closed at 929.35, up 1.44%, as KRX activated new penny-stock delisting rules and outlined a premium segment called KOSDAQ Select. June left significant marks: forced-selling hit 1.12 trillion won — roughly 800 million U.S. dollars — the highest monthly total of 2026, with Korea's VKOSPI fear gauge spiking to 97.78, its highest since the 2008 financial crisis. In the credit market, JoongAng Group's court rehabilitation is cooling demand for BBB-rated bonds with 663 billion won in maturities due before year-end, and even A-rated issuers are pulling back. Samsung Heavy Industries executives responded to a 19.5% price drop by purchasing 640 million won in company shares across one week.
Sources:
KOSDAQ Marks 30th Anniversary with Structural Reform Push — Seoul Economic Daily, July 1, 2026
Samsung Heavy Industries Executives Buy Own Shares After 20% Decline — Seoul Economic Daily, July 1, 2026
JoongAng Group Fallout Chills Non-Investment-Grade Bond Market — Seoul Economic Daily, July 1, 2026
June Forced-Selling Hits 2026 Record at 1.12 Trillion Won — Seoul Economic Daily, July 1, 2026
SLL Joong-ang Financial Investor Takes De Facto Control, Complicating Sale — Seoul Economic Daily, July 1, 2026
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