South Korea's AI Sell Off: A Sign of Broader Industry Woes The recent downturn in the global tech industry has sent shockwaves through South Korea's stock market, with the Kospi share index plummeting to its lowest level in three months.
This decline is not isolated; it reflects deeper concerns about the sustainability and competitiveness of the AI sector.
One major factor contributing to this downturn is the widespread borrowing among AI companies to fund their data center expansion plans.