Sixteen 2x leveraged single-stock ETFs tied to Samsung Electronics and SK Hynix debuted on May 27 in South Korea. Net retail purchases surpassed 13 trillion won, approximately $9 billion, with these products accounting for up to 70% of total trading value in those stocks. After semiconductor prices fell, one of the most popular ETFs declined nearly 70% from its June peak, and assets under management dropped from roughly $50 billion to around $26 billion. Financial authorities suspended new leveraged ETF listings and tripled the minimum deposit requirement to 30 million won, approximately $20,000, while the finance minister publicly apologized.
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