According to reports, Lee Seung-ho, a 24-year-old South Korean college student, turned 20 million won into 15 times his income of 300 million won through five times leverage, but the profits were lost in just four weeks. It was so stressful that he confessed, “I just can't breathe.” For many young Koreans, the appeal of the leverage effect stems from the harsher reality beyond the trading screen. According to the data, ordinary workers in South Korea need 14 years of full wages to buy a house in Seoul. It is difficult for young graduates to accumulate wealth through traditional methods, so the application of highly leveraged stocks is their only tool for economic equality. On Thursday, the South Korean government announced a ban on the launch of new leveraged exchange-traded funds linked to individual stocks. For retail investors holding these products, the risk is asymmetrical: in such a volatile market environment, leverage can make money lose money much faster when it falls than when it rises. Lee Seung-ho said he understands these risks but still believes leverage is the best way forward.

According to reports, Lee Seung-ho, a 24-year-old South Korean college student, turned 20 million won into 15 times his income of 300 million won through five times leverage, but the profits were lost in just four weeks. It was so stressful that he confessed, “I just can't breathe.” For many young Koreans, the appeal of the leverage effect stems from the harsher reality beyond the trading screen. According to the data, ordinary workers in South Korea need 14 years of full wages to buy a house in Seoul. It is difficult for young graduates to accumulate wealth through traditional methods, so the application of highly leveraged stocks is their only tool for economic equality. On Thursday, the South Korean government announced a ban on the launch of new leveraged exchange-traded funds linked to individual stocks. For retail investors holding these products, the risk is asymmetrical: in such a volatile market environment, leverage can make money lose money much faster when it falls than when it rises. Lee Seung-ho said he understands these risks but still believes leverage is the best way forward.