KOREA IS COMMITTED TO TAKING MORE MEASURES TO CURB THE NEED FOR LEVERAGE ETF

On 28 July, Lee Eog-weon, Chairman of the Korea Financial Services Commission, stated that, if the latest restrictions failed to achieve the desired results, the Republic of Korea would be prepared to take additional measures to discourage investors ' demand for leverage ETF, including setting investment limits for individual investors. In a statement, the Financial Services Commission indicated that, if these measures, which came into effect on 31 July, did not sufficiently contain demand, regulators would consider further tightening investment requirements. The Financial Services Commission also indicated that discussions were under way to expedite the process of increasing the minimum number of trading units previously planned. Lee met with investment managers on Tuesday to discuss leverage ETF. Options under consideration include requiring regular, mandatory online training, including simulation trade courses, and limiting individual investments to a specific percentage of total investment assets。