Which I've always struggled to wrap my head around. Korea is a closed market. No money can get in or out. In theory it should have much less effect than heaviness in other markets as other markets do cross pollinate.

I guess people are looking for reasons to panic these days.

And how did South Korea let these exchanges arrive out of nowhere and operate in total impunity without any tax or oversight? What kind of amateur hour government permits something like that to happen?