Foreign investors are dumping South Korean stocks at a record pace:

Overseas investors sold -$13.7 billion worth of KOSPI stocks in February, the largest monthly sale on record.

Furthermore, -$3.1 billion in outflows have followed so far this week.

This comes after the KOSPI index fell -7% on Tuesday, followed by a -12% drop on Wednesday, with only 10 stocks finishing positive.

As a result, the KOSPI Volatility Index spiked to its highest level since the 2008 Financial Crisis.

Meanwhile, the Korean won weakened -3.3% versus the US Dollar on Tuesday, the largest single-day loss since 2009.

South Korean market volatility has rarely been greater.