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South Korea's Kosdaq has cooled too (see chart), but GEM is on a worse spiral.
CNN: World's Worst Bourse?
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Another boost for Kosdaq: South Korea has one of the highest levels of online stock trading in the world.
CNN: Feeling Young At Heart
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The Kosdaq stock exchange, which caters to the sorts of small, growth companies that day-traders like to follow, has become the most heavily traded market in the world.
ECONOMIST: Korean finance