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Student makes ₹2 crore with 500% loan in S Korea, loses all in 4 weeks as markets crash
short by Mansi Agarwal / on Tuesday, 21 July, 2026
A South Korean student used a 500% margin loan to turn his savings of 20 million won (₹13 lakh) into 300 million won (around ₹2 crore) as markets rallied on an AI-driven chip boom. However, Lee Seung-ho lost the money within four weeks in May after a sharp market reversal. "I literally could not breathe," Lee told Reuters.
read more at Reuters