KOSPI is "crashing" to ~6800 from the highs of ~9000, but that's still 110% higher than 1 year ago (~3200), so let's not get ahead of ourselves yet. It remains to be seen where it will land.

* Also, from what I heard in Korean news, many blame the current situation on the government allowing single-stock leverage funds for Samsung and SK Hynix, which reportedly made the market ultra volatile. (Well, most Korean stock traders are deranged gamblers, so maybe they are trying to find excuses, I dunno.)