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According to Reuters, 24-year-old South Korean college student Lee Seung ho used 5-fold leverage to increase his earnings from 20 million Korean won to nearly 300 million Korean won. However, due to forced liquidation during stock market volatility in May, his profits evaporated and he incurred losses. According to data from the Korea Financial Investment Association, the balance of margin loans in the Korean stock market rose to 38.63 trillion Korean won on June 24th, compared to 34.37 trillion Korean won on July 15th. According to statistics from the Bank of Korea, the total amount of investor debt exceeded 60 trillion Korean won at the end of May. South Korean regulatory authorities have suspended the listing of leveraged ETFs linked to a single stock. Exness strategist Inki Cho stated that this is a policy correction to the regulatory authorities' previous approval of related products.