A South Korean funeral company used clients' 'coffin money' to trade crypto, losing nearly 50 billion KRW South Korean funeral company 'Parents' Love' invested 59.5 billion KRW of client prepayments into a 2x leveraged BMNR ETF. By the end of last year, the book value had dropped to just 10.2 billion KRW, losing over 80%—an amount equivalent to 8 times the company's annual revenue. Legally classified as 'prepaid installment financial businesses,' South Korean funeral companies are neither subject to financial regulations nor bound by the Fair Trade Commission. This allows them to use clients' monthly prepayments almost at will. According to an investigation by the Korea Economic Daily, 43% of the total assets of 75 funeral companies nationwide are now insufficient to cover client prepayments.