Korean Student Loses 300M Won in Four Weeks Using 5x Leverage
2026-07-20 15:17

Woofun AI reports that 24-year-old Lee Seung-ho utilized five times leverage to amplify 20 million won into 300 million won, only to lose the entire amount within four weeks. Lee stated that the pressure was suffocating, noting he could hardly breathe during the period. The incident underscores the appeal of leveraged products among young Koreans facing a 14-year salary requirement to purchase a home in Seoul. Last Thursday, the South Korean government banned new leveraged exchange-traded funds tied to individual stocks. Retail investors face asymmetric risks where losses accelerate faster than gains in volatile conditions. Lee acknowledged these dangers but maintained that leverage remained his preferred strategy.

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