[South Korean Retail Investors Lose $4.8 Billion on Leveraged ETFs, Losses Highest Among 40-Year-Olds] Odaily Planet Daily News: South Korean retail investors have collectively lost 6.31 trillion Korean won (approximately $4.8 billion) on single-stock leveraged exchange-traded products (ETPs). Data submitted by the Financial Supervisory Service of Korea to an opposition party lawmaker shows that between May 27 and August 14, retail investors at ten South Korean brokerage firms incurred these losses on single-stock ETPs. The Financial Supervisory Service's statistics include both realized gains and losses as well as unrealized losses from holdings. Among the total losses, 2.32 trillion Korean won were realized losses, while 3.99 trillion Korean won were unrealized losses. Investors in their 40s experienced the highest losses, with 165,200 accounts collectively incurring unrealized losses of 2.05 trillion Korean won. Investors in their 50s, with 158,000 accounts, suffered total losses of 1.87 trillion Korean won. Meanwhile, investors in their 30s, with 117,300 accounts, recorded losses of 1.09 trillion Korean won. In terms of average losses per account, older investors faced higher losses, with those aged 70 and above losing an average of approximately 29.94 million Korean won per account.