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Why is South Korea collapsing?
1. Highly dependent on Middle Eastern oil routes for exports (Strait of Hormuz blockade threat), South Korea is an island nation disguised as a peninsula (no land connection to the north, surrounded by the sea on three sides).
2. Samsung/SK Hynix → Chip supply chain panic
3. Korean Won = high-beta currency in Asia, first to be abandoned
South Korea's collapse is not cyclical but structural. It is an economy built on the assumption of perfect global division of labor. With globalization breaking down, South Korea may be a relic of an era when it could be abandoned.