South Korea's 7th-Largest Pension Relief Company Lost $32.73M on Ethereum Leverage ETF Last Year

According to Korean Economic Daily, Bumo Sarang, South Korea's seventh-largest pension relief company, lost 49.3 billion Korean won (approximately $32.73 million) last year after investing 59.5 billion won in Bitmine's daily 2x leverage ETF focused on Ethereum.

A comprehensive review of 2025 audit reports from 75 pension relief companies found that 42.7% of them held total assets below their payment obligations to customers, meaning they would be unable to fully refund clients if all simultaneously requested withdrawals.