According to Bloomberg, a pullback in the South Korean stock market has wiped out $1.7 trillion in market capitalization, sparking discontent among retail investors and testing public trust in the government's leadership. The report noted that some investors stated they had responded to government initiatives by shifting their investment focus from real estate to equities. The Korea Composite Stock Price Index (KOSPI) has fallen by over 40% since hitting a record high in June, while Seoul housing prices have risen for 91 consecutive weeks.