South Korea

The Collapse of Luna - Big Negative Impact on 200k Investors In Korea

Cross Asset Strategy
239 Views, 17 May 2022 07:42
EXECUTIVE SUMMARY
  • The local media have mentioned that nearly 200,000 people in Korea have invested in Terra (Luna) and TerraUSD.
  • The combined market caps of Luna and TerraUSD at their peaks were nearly $60 billion and nearly $57.4 billion has been wiped out in the past week.
  • Consequently, in the coming weeks there could be some domino effect of people in Korea that have borrowed money to invest in these risky cryptos selling other assets.
detail (3-minute read)
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Douglas Kim
Korea/Asia, New Economy, IPOs, Events
South KoreaEquity Bottom-UpEquity Capital Markets

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following se... 

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