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S Korea FM apologises for single-stock leveraged ETFs amid market crash
short by Neeraja Nath / on Thursday, 30 July, 2026
Amid stock market crash, South Korean Finance Minister Koo Yun-cheol on Wednesday apologised for introducing single-stock leveraged ETFs without careful consideration. South Korea's top financial regulator Financial Services Commission's Chairman Lee Eog-weon apologised for failing to meet public's expectations. Retail investors suffered heavy losses after a sharp downturn in chip stocks.
read more at Reuters