South Korea's FSC Director-General Remains Silent on Single-Stock Leverage Products on July 13

According to DailyAn, South Korea's Financial Supervisory Service Director-General Lee Chan-jin remained silent on single-stock leverage and inverse products during a meeting with asset management company CEOs on July 13, despite having previously criticized the instruments. Lee presided over the CEO forum at the Financial Investment Association in Yeouido, where he read from prepared remarks and focused on issues including false advertising and ETF tracking errors, but made no mention of the single-stock leverage products. The shift marks a departure from his earlier public statements expressing regret over the launch of leveraged instruments on Samsung Electronics and SK Hynix.
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