THE KOREAN FINANCIAL REGULATORY AUTHORITY IS CLOSELY MONITORING THE IMPACT OF SINGLE STOCK LEVERAGE ETF ON THE MARKET

On 10 July, it was reported that Kim Yong-beom, the Chief Secretary of Presidential Policy of Korea, had indicated to journalists in Seoul on Friday that the Korean Financial Regulatory Authority was closely monitoring the impact of single stock leverage ETF on the market. Kim Yong-beom stated that the Korean Ministry of Enterprise Finance, the Central Bank of Korea, the Finance Commission and the Financial Supervisory Authority would make a comprehensive assessment of the market implications of the single stock ETF since its listing in May this year. Regulatory bodies will also examine and finalize the need for new regulatory frameworks. (FIA)