Insurance surrenders up 16% last quarter. Savings bank deposits fell below 100 trillion won for first time in 4 years. Commercial bank time deposits dropped 12 trillion won since February. The entire financial system is getting vacuumed into 2 semiconductor stocks. SK hynix and Samsung. People are liquidating their life insurance to buy them. Over 50s hold 62% of margin loans at Korea's top 10 brokerages. Among those in their 60s, margin debt doubled from 3.9 to 8 trillion won in one year. This is decades-long savers entering a rally on borrowed money at record highs. These are people who should be de-risking, not doubling down on leverage. When new money into a rally comes from liquidating safety nets instead of income, that's how every cycle ends. The March 19% KOSPI drop hit leveraged 60-year-olds with 20% losses on average. Same playbook running in India with MTF. This is catastrophic waiting to happen.