South Korea FSS Chief Says Leveraged ETF Review Was Rushed

TL;DR FSS chief Lee Chan-jin said South Korea accelerated review of single-stock leveraged ETFs to meet launch schedule before 16 products debuted May 27. Lawmakers said the FSS began its review before the Korea Exchange completed its preliminary process, a sequencing Lee indicated appeared unprecedented. Regulators later halted new listings and raised trading requirements as investor losses mounted, while Lee framed his criticism around investor protection. South Korea’s Financial Supervisory Service chief Lee Chan-jin said the review of single-stock leveraged ETFs was accelerated to meet a launch schedule. In a report on his National Assembly testimony , Lee said regulators moved quickly after the Financial Services Commission announced a timetable in mid-April. The products went live on May 27.

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