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KORU leveraged South Korea ETF jumps 16.8% on the week
The Direxion Daily South Korea Bull 3X Shares aims to deliver 300% of daily MSCI Korea 25/50 Index returns, and it closed below $21 on Aug. 25 after a sharp weekly gain.
ETF Trends says the Direxion Daily South Korea Bull 3X Shares, or KORU, is a short-term, high-volatility leveraged instrument designed to target 300% of the daily returns of the MSCI Korea 25/50 Index. The outlet notes the fund’s split-adjusted 52-week high is near $64, while it closed below $21 on Tuesday, Aug. 25, before posting a 16.8% increase for the week ending Aug. 25.
The article attributes the recent pickup in sentiment to signs of improvement in South Korea’s broader economic outlook. It cites comments from Morgan Stanley’s Chief Korea Equity Strategist, Joon Seok, who said real GDP growth has topped 3% for two consecutive quarters, rising from 1.1% in 2025, with full-year growth expected to land in the mid-3% range.
ETF Trends also points to recovery beyond exports, including improving consumption, tourism surpassing pre-pandemic levels, and government targeting of 23 million foreign tourists this year. The piece adds that near-term gains for KORU could depend on tech, while it argues that wider participation in South Korean equities could help a geared product like KORU.
Finally, the outlet says Seok expects the market’s next phase to rely on broader, more durable support tied to quality factors such as earnings resilience and disciplined capital management, rather than a rally driven only by speed and concentrated leadership. It reiterates that KORU is best used over a day or a few days given the leverage involved.