Chef Yeo Kyung-ok Loses 120 Million Won in SK Hynix Leverage ETF, Posts -61.38% Loss

According to Korean Economic Daily, chef Yeo Kyung-ok disclosed yesterday (July 22) that she suffered a significant loss on a single-stock SK Hynix leverage ETF investment. She invested approximately 120 million won but the current valuation dropped to 46 million won, representing a loss rate of -61.38%, with unrealized losses exceeding 74 million won.

Yeo, who gained fame for a 750% return in a 2004 stock trading competition, had posted a 102.11% profit on a Samsung E&A position just last month. The loss highlights the high volatility risks of leveraged products, as the South Korean market faces ongoing criticism over the market impact of single-stock leverage ETFs.