Broadcaster Do Kyung-wan reveals 40% loss on leveraged share investment

Do Kyung-wan, a broadcaster and former announcer, has gone public with losses from a share investment.

Do made the disclosure on Thursday's episode of KBS2's "Stars' Top Recipe at Fun-Staurant."

On the show, Do was seen checking his brokerage account first thing in the morning and said, "Why is SK hynix falling? I went in with leverage."

Leverage is an investment method in which profits are doubled but losses are also doubled.

Do then said, "I'm down 40 percent. I got in at 490,000 won ($370) and now it's 290,000 won."

He added, "On top of that, 10,000 won came out for a rotating savings club, so my account balance is 254,795 won."

The name of the leveraged product Do purchased, other holdings and the timing of his purchases were not disclosed on the show.

Do graduated from Hongik University with a degree in electrical and electronic engineering and joined KBS in 2009 as a 35th-class staff announcer. He married trot music singer Jang Yun-jeong in 2013, and the couple have a son and a daughter. Do submitted his resignation from KBS in 2021 and has since worked as a freelance broadcaster.