South Korea’s ruling party calls for stronger regulation of single-stock leveraged ETFs and, if necessary, for additional measures

PANews July 21, according to a report by South Korea’s Seoul Economic Daily cited by Sina Finance: on the 20th, the South Korea Democratic Party urged the Financial Services Commission (FSC) to place key monitoring on leveraged single-stock ETFs and, if necessary, to develop supplementary measures. That day, Democratic Party lawmakers affiliated with the National Assembly’s Political Affairs Committee held a party-government policy discussion with the Financial Services Commission in Seoul’s Yeouido National Assembly area, where they heard work reports from officials including Lee Eok-won, chair of the Financial Services Commission. After the meeting, Park Sang-hyuk, a senior party official of the ruling party and a Democratic Party lawmaker, told reporters: “The Financial Services Commission reported on the relevant measures announced last Thursday. Lawmakers generally asked the regulatory authorities to further strengthen market monitoring and situational assessments, and, if necessary, to study and introduce more supplementary measures.”