On Wednesday local time, after Korean stocks melted for two consecutive days, South Korea's Finance Minister Koo Yun-chul said he apologized for introducing a single-stock leveraged ETF without careful consideration in response to a lawmaker's request for an apology. Earlier, after South Korea's KOSPI index fell more than 6% in early trading, Gu Yun-cheol said during a speech in the National Assembly that the government is studying market stabilization measures internally and that it is possible to further adjust the relevant regulations for single-stock leveraged ETFs to cope with market fluctuations. Korea's KOSPI Index experienced a turbulent day on Wednesday. It plummeted 12% during the day, then the decline gradually narrowed to about 8%; the weighted stock SK Hynix dropped 17% after the results, and now the decline has narrowed to the 8% line.

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