FSC chief says launch of single-stock leveraged ETFs reflected various views

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SEJONG, Oct. 8 (Yonhap) -- The chief of South Korea's financial regulator said Thursday the decision to launch single-stock leveraged exchange-traded funds (ETFs) reflected various views, denying allegations it followed instructions from the presidential office.

Financial Services Commission (FSC) Chairman Lee Eog-weon made the remarks during a parliamentary audit at the National Assembly in response to an opposition lawmaker's question about the reasons behind the launch.

"We have listened to various opinions," Lee said during the audit.

In May, 16 single-stock leveraged ETFs were listed on the main bourse, which led to extreme volatility on the market.

South Korea later raised the minimum cash deposit required to invest in single-stock leveraged ETFs to 30 million won (US$22,400) from 10 million won in late July to curb volatility.

"There had been calls (to introduce single-stock leveraged ETFs) as they are allowed overseas but not in Korea," Lee said.

The FSC chief, however, disputed a recent market estimate putting individual investors' losses from single-stock leveraged ETFs at around 54 trillion won, saying the figure was "not accurate."

"Regardless of the need to introduce the policy, I am sorry for the losses, concerns and harm it has caused."

Financial Services Commission (FSC) Chairman Lee Eog-weon speaks during a parliamentary audit at the National Assembly in Seoul on Oct. 8, 2026. (Yonhap)

colin@yna.co.kr (END)

FSC chief says launch of single-stock leveraged ETFs reflected various views

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世宗，10月8日（韩联社）——韩国金融监管机构负责人周四表示，推出单只杠杆交易所交易基金（ETF）的决定反映了各种不同的观点，否认了该决定是遵照总统府指示的指控。

金融服务委员会（FSC）主席李玉源在国民议会接受议会审计时，针对反对党议员提出的有关推出该服务的理由的问题发表了上述言论。

李在审计期间表示：“我们听取了各方意见。”

5 月份，16 只单只杠杆 ETF 在主板上市，导致市场出现极端波动。

为了抑制波动，韩国在7月下旬将投资单只杠杆ETF所需的最低现金存款额从1000万韩元提高到3000万韩元（22400美元）。

李说：“之前有人呼吁（引入单只杠杆 ETF），因为海外允许这样做，但韩国不允许。”

然而，韩国金融服务委员会主席对最近一项市场估计提出异议，该估计称个人投资者因单只股票杠杆 ETF 而损失约 54 万亿韩元，称该数字“不准确”。

“无论推出这项政策的必要性如何，我对它造成的损失、担忧和伤害深感遗憾。”

2026年10月8日，韩国金融服务委员会（FSC）主席李玉元在首尔国会出席国会审计听证会并发表讲话。（韩联社）

colin@yna.co.kr (完)

FSC主席表示，推出单只杠杆ETF反映了各种不同的观点。