[South Korea's Stock Market Leverage Frenzy: ETF Assets Surge to $45 Billion, Leverage Exposure Hits Record High] Odaily Planet Daily News - The Kobeissi Letter published an analysis pointing out that the leverage trading frenzy in South Korea's stock market continues to spiral out of control. The assets under management (AUM) of leveraged ETFs have surged to approximately $45 billion, reaching a historic high, with cumulative growth exceeding 800% since early 2026. Meanwhile, the proportion of leverage exposure to free-float market capitalization has risen to about 2.9%, more than tripling from January levels, indicating that tradable shares in the market are being significantly amplified through leverage. At the individual stock level, the 2x long SK Hynix ETF listed on the Hong Kong Stock Exchange once grew to approximately $15 billion, becoming the world's largest single-stock leveraged product. In contrast, 2x long ETFs tracking popular targets such as Micron, NVIDIA, SanDisk, and Tesla have historically never exceeded $10 billion in scale. The analysis highlights that the leverage level in South Korea's market has reached an extreme state, with rapidly accumulating risk exposure sparking concerns about potential amplified market volatility.