[South Korean Investors Suffer $1.7 Billion Loss from Leveraged ETFs] According to Deep Tide TechFlow, on October 7, a South Korean lawmaker's office revealed that retail investors incurred an estimated loss of 2.3 trillion won (approximately $1.7 billion) within just a few months due to investments in leveraged exchange-traded products tracking South Korea's two major chipmakers. This marks the first disclosure of the scale of risks involved in such bets. The office of Choi Eun-suk, a lawmaker from the opposition party 'People Power Party,' stated that between May 27 and August 14, clients of 10 South Korean brokerage firms suffered these losses by investing in single-stock ETFs and related notes linked to Samsung Electronics and SK Hynix. Since their launch in May, these single-stock products have exacerbated volatility in South Korea's AI-driven stock market. Previously, leveraged bets had propelled the market to become one of the world's best-performing, but a subsequent reversal in trends led to severe consequences. The intense fluctuations caused by these high-risk products prompted regulatory authorities to take action to curb the fervor of retail investors, leading to a significant drop in trading volumes. (Jin10)