South Koreans Poured $1.24B Into US Tech, Crypto During the Korean Thanksgiving

South Korean investors turned their Chuseok holiday into a week of aggressive risk-taking funneling $1.24 billion into US tech and crypto-linked assets while domestic markets were closed between October 3 and ￰0￱ Takeaways: South Korean investors poured $1.24 billion into US tech and crypto-linked assets during the Chuseok holiday ￰1￱ buys included Tesla Meta and Bitcoin mining stocks

with leveraged ETFs leading the ￰2￱ buying spree ended abruptly as US–China trade tensions triggered a global market ￰3￱ of taking time off during the country’s Thanksgiving break retail investors piled into leveraged ETFs and high-growth stocks according to data from the Korea Securities ￰4￱ Investors Flock to Tesla Meta

and Bitcoin Miner Stocks The most popular target was the Direxion Daily Tesla Bull 2X ETF a leveraged fund that amplifies Tesla’s stock movements with net purchases totaling $151 ￰5￱ top buys included $105 million in Iris Energy an Australian Bitcoin mining firm; $100 million in Meta Platforms

and $96 million in Tesla shares ￰6￱ leveraged crypto play the T-REX 2X Long BMNR Daily Target ETF which tracks Bitmine Immersion Technologies with double exposure ranked fifth among foreign purchases at around $95 ￰7￱ spree followed a strong rally in Seoul

where the Kospi Index hit new highs before the holiday amid optimism over US tech resilience and local stimulus ￰8￱ Korean exchanges closed that bullish sentiment appeared to spill overseas as investors chased Wall Street’s ￰9￱ South Korea warns traders there appears to be a massive carry trade that is about to blow up ￰10￱ carry trade reverses it will wipe out the countries entire financial system with its investors being all in on leveraged tech ETFs. $spy $qqq $dxy $tlt … — Roger (@rdd147) October 13 2025 But timing may have worked against ￰11￱ surge in cross-border buying came just days before global markets tumbled on renewed US–China trade tensions

erasing part of the previous week’s ￰12￱ say it remains to be seen whether Korean retail traders known for their risk appetite and agility will maintain such aggressive ￰13￱ Kospi reopened 1.7% lower on Monday slipping back below the 3,600 level and hinting that the Chuseok rally may have been ￰14￱ Korea Orders Crypto Exchanges to Halt Lending Services In August

South Korea’s financial regulator moved to rein in risky lending practices in the digital asset sector ordering local exchanges to suspend all crypto lending services until a proper regulatory framework is ￰15￱ crackdown came amid South Korea’s broader pivot toward regulated crypto ￰16￱ are lifting restrictions on institutional trading and preparing to approve the country’s first spot crypto ￰17￱ Lee Jae Myung’s administration is also working on a stablecoin framework pegged to the Korean won signaling a more open approach to digital finance despite the latest ￰18￱ recently Dunamu

the operator of South Korea’s largest cryptocurrency exchange Upbit unveiled a new custody service aimed at corporate and institutional clients as regulatory green lights for virtual asset investments spark growing demand for secure storage ￰19￱ service stores all deposited digital assets in cold wallets entirely offline and insulated from internet-based threats

to shield holdings from cyberattacks and other external breaches.