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2026-07-15 12:00:11
[Lee Jae-myung says South Korean stock market needs time to stabilize, urges regulators to address leveraged ETF risks] (1) South Korean President Lee Jae-myung said at a policy meeting on Wednesday that the South Korean stock market is "quite unstable" after its recent historic surge and needs time and a certain degree of volatility to stabilize. (2) Lee Jae-myung acknowledged the recent controversy surrounding leveraged ETFs and urged the Financial Supervisory Service and the Korea Exchange to quickly address the issues and formulate follow-up measures. The market expects regulators to introduce measures to curb high-risk products, including raising the minimum margin requirements for leveraged ETFs. (3) The main opposition People Power Party criticized the Lee Jae-myung administration on Tuesday for setting ambitious stock market targets while ignoring the accumulating leverage risks, thus encouraging excessive risk-taking.
