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policy makers apologise for single-stock leveraged ETFs FILE PHOTO: South Korea’s Deputy Prime Minister for Economic
Affairs Koo Yun‑cheol speaks during an interview with Reuters at the government complex in Seoul, South Korea, January
16, 2026. REUTERS/Dogyun Kim/File Photo 29 Jul 2026 02:39PM (Updated: 29 Jul 2026 02:48PM) Bookmark Bookmark Share
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SEOUL, July 29 : Top South Korean policy makers apologised on Wednesday over the introduction of single-stock leveraged
exchange-traded funds (ETFs), which have been blamed for intensifying a rout in the country's stock market. Finance
Minister Koo Yun-cheol said he was sorry for introducing the product without careful consideration, responding to a
lawmaker's demand for an apology during a parliamentary session. At another parliamentary session, the country's top
financial regulator made similar comments, after several lawmakers criticised the release of the funds for exacerbating
a sell-off in South Korean equities this month. "As the ultimate authority responsible for the financial markets, we
feel sorry that we have fallen short in properly meeting the public's expectations" over regulating the product, Lee
Eog-weon, chairman of the Financial Services Commission, told the hearing. CNA Games Guess Word Crack the word, one row
at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword
Small grid, big challenge Word Search Spot as many words as you can Show More Show Less The apologies came as the
benchmark Kospi plummeted as much as 12.6 per cent on Wednesday, led by losses in South Korean chip stocks Samsung
Electronics and SK Hynix which together account for nearly half of the index's market capitalisation. The regulator's
approval of single-stock leveraged ETFs has come under fire as South Korean retail investors pumped money into the
product, mostly tied to Samsung or SK Hynix, betting on no let up in robust demand for artificial intelligence. Shares
of Samsung Electronics fell as much as 14 per cent on Wednesday in Seoul trading. SK Hynix plunged as much as nearly 20
per cent, despite reporting record earnings. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s
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