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South Korean Broker Jumps to Death Over Losses

48-year-old sent text apologizing before killing himself

By Mark Russell,  Newser Staff

Posted Aug 10, 2011 8:39 AM CDT

(Newser) – The global markets turmoil claims a victim: A South Korean stockbroker committed suicide today after apparently suffering heavy losses, reports the AP. The 48-year-old sent text messages to his colleagues apologizing to them and to his clients for the losses before jumping from his 18th-floor high-rise residence around 7am. The Korean stock market was hit hard last week by global uncertainty, with the Kospi falling to its lowest level since September 2010.

A view of Seoul's Han River and riverside, with blocks or residential apartments in the middle ground.
A view of Seoul's Han River and riverside, with blocks or residential apartments in the middle ground.   (Getty Images)
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COMMENTS
Showing 2 of 2 comments
wwwonderer
Aug 10, 2011 9:12 AM CDT
Welcome to 1929:Global Edition™
finkster
Aug 10, 2011 9:08 AM CDT
Unfortunately greed can be a double edge sword that kills all 
 

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