Retail private credit stalls on a liquidity paradox

FT’s Unhedged argues that retail private credit is structurally illiquid: redemptions and fund liquidity constraints threaten the model even as asset quality remains unthreatened, potentially capping growth and forcing internal support in downturns. The piece also notes Korea’s volatile week driven by AI hype and high margin debt, with governance and AI as long‑run positives but continued near‑term volatility.