South Korean University Student's 5x Leverage Stock Trading Gains Soar to 15x Before Completely Vanishing
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A 24-year-old South Korean university student, Lee Seung-ho, used a trading app to engage in 5x leveraged trading, turning the 20 million won he saved during his military service into nearly 300 million won at one point, approximately 15 times his initial investment. However, after significant fluctuations in the South Korean stock market in May, his brokerage triggered forced liquidations, causing all related gains to evaporate within four weeks, and his account balance ultimately fell below his initial investment. Lee stated that while high-leverage trading accelerated wealth growth, consistently betting everything could ultimately lead to losses. According to the Korea Financial Investment Association, the balance of margin loans in the South Korean stock market rose to a record 38.63 trillion won on June 24, and as of July 15, it still stood at 34.37 trillion won. During the same period, the KOSPI index had more than doubled in six months but subsequently experienced multiple declines exceeding 10% in the following weeks. South Korean regulators have announced a suspension of new listings for leveraged ETFs linked to single stocks and stated that they would strengthen risk management during periods of heightened market volatility.
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