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2026-09-18 11:26:10
[Lee Jae-myung Admits Shortcomings of Single-Stock Leveraged ETFs, Does Not Apologize or Name Those Responsible] (1) According to foreign media reports, South Korean President Lee Jae-myung admitted on Friday that the single-stock leveraged exchange-traded funds (ETFs) launched earlier this year had shortcomings. (2) He stated at a press conference that these products were launched when the stock market rally was nearing its end, and the market subsequently reversed, causing huge losses to investors. (3) However, Lee Jae-myung did not apologize for this, nor did he name those responsible for the policy decision. (4) The policy had previously triggered strong dissatisfaction and backlash from investors.
