On July 29, the head of South Korea's main financial regulator publicly apologized for the market dispute caused by a single-stock leveraged exchange-traded fund. Previously, some investors and market participants believed that such products increased market fluctuations and led to a sharp decline in investors' wealth. Lee Yi-won, chairman of Korea's Financial Services Committee, said he was sorry for the regulator's failure to meet public trust requirements in various areas. Lee Chan-jin, head of the Korea Financial Supervisory Service, said that the regulators are doing their best to restore market trust.
Zhitongcaijing · 3d ago
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On July 29, the head of South Korea's main financial regulator publicly apologized for the market dispute caused by a single-stock leveraged exchange-traded fund. Previously, some investors and market participants believed that such products increased market fluctuations and led to a sharp decline in investors' wealth. Lee Yi-won, chairman of Korea's Financial Services Committee, said he was sorry for the regulator's failure to meet public trust requirements in various areas. Lee Chan-jin, head of the Korea Financial Supervisory Service, said that the regulators are doing their best to restore market trust.
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