KOREA'S CASH DEPOSIT REQUIREMENT FOR A SINGLE-LEVERAGING ETF TRANSACTION THREE DAYS IN ADVANCE

ON 24 JULY, ACCORDING TO THE KOREAN FEDERATION, IN RESPONSE TO CONTINUED CRITICISM OF THE LATENESS OF THE GOVERNMENT ' S SINGLE-STOCK-LEVERAGING REGULATORY MEASURES, THE KOREAN GOVERNMENT DECIDED TO ADVANCE THE PLANNED IMPLEMENTATION OF THE ENHANCED BASIC GUARANTEE UNTIL 31 JULY, THREE DAYS EARLIER THAN ORIGINALLY PLANNED. THE KOREA FINANCE COMMISSION (FSC) INDICATED ON 24 AUGUST THAT, IN ORDER TO RAPIDLY STABILIZE MARKET DEMAND, THE BASIC SECURITY ENHANCEMENTS SCHEDULED FOR AUGUST WOULD BE IMPLEMENTED AHEAD OF 31 DAYS. THE KOREAN FINANCE COMMISSION ANNOUNCED THE RELEVANT SUPPLEMENTARY PROGRAMME ON 16TH OF THIS MONTH, THE CORE ELEMENTS OF WHICH INCLUDE RAISING THE BASIC GUARANTEE REQUIREMENT FROM THE CURRENT 10 MILLION WON TO 30 MILLION WON, AND LIMITING IT TO CASH ONLY. KIM XIAN