South Korea's Presidential Office Says Leveraged ETF Solutions Are Being Developed on July 14

According to the South Korean Presidential Office on July 14, authorities are developing countermeasures for single-stock leveraged ETFs, which have increased stock market volatility since their introduction on May 27. The office stated that the matter is being reviewed by F4 (Finance Ministry, Bank of Korea, Financial Services Commission, and Financial Supervisory Service) with solutions being prepared. This follows remarks by Financial Supervisory Service Chairman Lee Chan-jin, who said on July 13 that finding clear solutions to the volatility caused by these products is difficult, which the Presidential Office interpreted as evidence of active policy deliberation.
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