The recent wave of liquidations in South Korea really trapped an entire generation of young people.

I just looked through data from South Korean regulators, and after reading it, my palms were sweating.
Over the past month, South Korean retail investors lost 2.15 trillion won from trading with leverage, which is about $1.45 billion.
Worst of all, among the accounts that were liquidated by forced positions, 62% are young people aged 20 to 30.
The South Korean government is also panicking now, worried that this financial shock could turn into a social crisis, and even plans to launch a nationwide unified 1,375 debt counseling hotline in October.
It sounds very professional, but in reality it’s an intervention call to prevent suicide.
Right now, young people in South Korea are actually quite hopeless.
In the first half of this year, many people borrowed money to rush into the market, and the household loan limits of the country’s top five banks were all used up.
Everyone wants to make a comeback by using 2x leveraged ETFs—especially by watching Samsung and SK hynix.
As a result, the biggest leveraged ETF from SK hynix, after falling 60% from its peak, directly shattered these people’s comeback dreams.
Leverage—when the wind is at your back, it makes you feel like a stock god. But when things turn against you, it won’t even give you a chance to apologize.