President Yoon Suk Yeol on July 15 directed officials to swiftly implement measures regarding single-stock leverage exchange-traded funds (ETFs) linked to Samsung Electronics and SK Hynix, which have been identified as major factors behind recent market volatility.
During a work report held at the Blue House, President Yoon made this request to Jeong Eun-bo, chairman of the Korea Exchange.
Prior to this, he mentioned to Lee Chan-jin, the head of the Financial Supervisory Service, that there have been numerous criticisms regarding single-stock leverage ETFs, saying, "It seems you have been facing a lot of challenges recently."
In response, Lee stated, "As a market manager, I have responsibilities, and I am taking them seriously."
Lee also addressed the recent police raid on a self-healing hospital following complaints from four insurance companies, noting, "The Financial Supervisory Service is providing overall support and is currently organizing information from the insurance companies to provide to the investigative authorities."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.