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Comedian Kim Won-hoon lost 24 million won in stocks in 2 weeks... 'Worn out after losing 2kg'
🇰🇷 South Korea /Economy & Trade

Comedian Kim Won-hoon lost 24 million won in stocks in 2 weeks... 'Worn out after losing 2kg'

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • Comedian Kim Won-hoon revealed he lost 24 million won (approximately $180,000 USD) in stock investments within two weeks.
  • He invested an initial 180 million won ($1.8 million USD) and described his current state as "worn out" after the significant loss.
  • Kim attributed his failure to excessive "watering" (buying more shares to lower the average cost) and a "go all-in" investment style.

South Korean comedian Kim Won-hoon has shared a distressing update on his stock market ventures, revealing a substantial loss that has left him visibly affected. In a recent YouTube preview for Netflix Korea, titled 'Kim Won-hoon, who started stock trading at the peak,' he confessed to losing 24 million won (approximately $180,000 USD) in just two weeks.

Almost the value of a car is gone.

— Kim Won-hoonDescribing the magnitude of his financial loss from stock trading.

Kim disclosed that his initial investment, or "seed money," was 180 million won (around $1.8 million USD). The rapid depletion of his capital has taken a toll, with Kim describing himself as "worn out" and having lost 2 kilograms due to the stress. He admitted to a tendency to invest heavily in one area, likening it to his approach with mobile games, which he avoids to prevent similar obsessive behavior.

I lost 24 million won.

— Kim Won-hoonStating the specific amount lost in his stock investments.

He explained his significant losses were due to excessive "watering," a strategy where investors buy more of a stock as its price falls to lower their average cost per share. Kim humorously compared this to a "water bomb," suggesting he diluted his investment too much, to the point where it lost its flavor, much like whiskey diluted with too much water. He felt immense pressure and compulsion to keep "watering" his stocks to bring down the average price.

My seed money was 180 million won.

— Kim Won-hoonRevealing the initial capital invested in the stock market.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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