According to an analysis of holdings of approximately 7,900 high-net-worth Korean investors (with financial assets exceeding 3 billion KRW) commissioned by the *Seoul Economic Daily* to major brokerage firms, this group collectively net sold approximately 14.83 billion KRW in Samsung Electronics and SK Hynix between October 1 and 20. Concurrently, the KODEX Semiconductor Leverage ETF became the largest net bought asset this month, with net purchases totaling 33.2 billion KRW.

Analysts point out that this structural shift reflects high-net-worth investors' cautious stance on the short-term volatility of the chip sector and a directional bet on a broader market rebound. The movement of funds from individual stocks to a leveraged ETF essentially trades higher volatility for the avoidance of individual stock risk.