President Lee Demands Swift Action on Stock Market Volatility Fueled by Leveraged ETFs

President Lee Jae-myung has directed government bodies to rapidly implement measures to stabilize the stock market, which has seen increased volatility due to single-stock leveraged Exchange Traded Funds (ETFs).

The president specifically pointed to ETFs tracking major South Korean companies like Samsung Electronics and SK Hynix as contributing factors to the market's fluctuations. During a government briefing at the Blue House, Lee instructed Jeong Eun-bo, the chairman of the Korea Exchange, to "swiftly and properly prepare supplementary measures."

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swiftly and properly prepare supplementary measures

Lee also addressed Lee Chan-jin, the governor of the Financial Supervisory Service, acknowledging the challenges the agency has faced recently. The president's directive signals a concern over the potential risks posed by these leveraged financial products and the need for regulatory oversight to protect investors and market stability.

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You seem to be having a lot of trouble recently