The head of South Korea's Financial Services Commission stated that measures regarding single ETFs will be announced
2 day ago / Read about 0 minute
Author:小编   

Lee Wo-won, Chairman of South Korea's Financial Services Commission, said that relevant measures targeting leveraged ETFs linked to Samsung Electronics and SK Hynix shares will be announced soon. Currently, close consultations are underway with the Ministry of Finance, the Bank of Korea, the Financial Supervisory Service, and other departments to implement measures for investor protection and market stability. When asked whether temporarily halting the trading of Samsung Electronics leveraged ETFs is being considered, he stated that a comprehensive review is underway, as this move may bring about greater side effects. When questioned whether leveraged ETFs exacerbate stock market volatility, he did not respond directly, stating that it is a matter of degree.