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South Korean Trader Loses $202,500 in 4 Weeks Using Margin Trading; Seoul Bans New Leveraged ETFs

2026-07-20 07:30:56

According to reports, 24-year-old South Korean university student Lee Seung-ho turned 20 million won into approximately $202,500 using five-fold leverage over four weeks, but the gains were wiped out in the same timeframe. "I can barely breathe," he said. The losses highlight growing concerns about margin trading risks in South Korea's retail investor market. On Thursday, the South Korean government announced a ban on new leveraged exchange-traded funds linked to individual stocks, citing the asymmetric risks posed to retail investors in volatile markets.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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