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South Korea's FSS Head Regrets Leveraged ETF Policy, Calls Decision 'Major Mistake' on June 22

2026-06-23 09:13:35

According to BlockBeats, Lee Chan-jin, head of South Korea's Financial Supervisory Service, on June 22 acknowledged failure of the single-stock leveraged ETF policy and expressed strong regret. The products, introduced late last year for Samsung Electronics and SK Hynix, have a turnover rate approaching 200%, enabling brokerages to collect up to 10 trillion won in trading commissions. "Most retail investors are ordinary middle-class people. I personally believe I should have laid down to block this," Lee stated. The FSS is now preparing investor protection measures, including credit-related safeguards to mitigate external shocks during market volatility.

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