Finance Minister
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Minister Apologizes as Korean Leveraged ETF Investors Face Steep Losses Amid Chip Stock Crash
South Korea’s finance minister apologized for significant retail investor losses following the introduction of single-stock leveraged ETFs. These products, initially popular, have caused substantial paper losses due to sharp market corrections, particularly in the semiconductor sector. Regulators are considering restricting access to these leveraged products to professional investors and potentially lowering leverage multiples to enhance investor protection.
