South Korea Raises Benchmark Rate for First Time in 3.5 Years; Securities Lending Hits Record 62 Trillion Won

According to MediaPen, South Korea's central bank raised its benchmark interest rate this week for the first time in 3.5 years, triggering alarm among retail investors who have taken on record leverage. Securities account lending reached approximately 62 trillion won, marking an all-time high, while credit lending rates are now approaching 9% annually. The rate increase is expected to drive further funding cost increases, raising the risk of forced liquidation cascades if stock prices decline.
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