Lee Seung-ho a 24-year-old South Korean university student used a 500 percent margin loan on his trading app.
He grew 13,000 dollars saved during military service into roughly 200,000 dollars in a short time.
The entire fortune evaporated in just four weeks during a May market crash.
He is now planning to borrow money again and return to the market once he has enough capital.
The story captures South Korea’s high-risk retail investing frenzy especially among young people.
Heavy leverage and margin calls have become common in the Korean stock market amid volatile trading.
A Korean student made $200,000 using a 500% margin loan.
Then the stock market crashed, and he lost everything.
He is now planning to borrow again and return to the market.
Koreans are true degen. pic.twitter.com/iFqI1KQx9S
— Ted (@TedPillows) July 21, 2026
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