The benchmark Korea Composite Stock Price Index (KOSPI) on Friday plummeted 62-point-78 points, or three-point-four percent, to close at one-thousand-782-point-46. That is the lowest closing figure since December 19th last year when the index closed at one-thousand-776-point-93.
Market experts attributed the plunge to rising European economic woes, such as downgraded credit ratings of Spanish banks and Greece's credit rating getting cut.
The tech-laden KOSDAQ also plunged 19-point-45 points, or four-point-15 percent, to finish at 448-point-68.