The majority of losses in Korean stock investments come from domestic Korean retail investors.

TechFlow reports that on July 20, Jung In Yun, founder of Fibonacci Asset Management, stated that the vast majority of investors bearing losses from Korean stock investments are domestic retail investors, and the buyers are not merely beginners chasing online hype; many of them are investors in their forties and fifties who are becoming increasingly comfortable with leveraged operations and concentrated tech investments.

According to data from Oxford Economics, the proportion of leveraged ETFs in Korea-themed funds has also grown rapidly. As of June, the asset share of the 25 largest Korean leveraged ETFs has risen to approximately 30%, whereas at the beginning of 2026, this proportion was about 15%. The firm downgraded its rating on the Korean stock market to neutral at the end of June, warning that the scale of leveraged investments has increased significantly and securities companies may be increasingly unwilling to extend credit to retail investors. (Jin10)