Li Canzhen: The introduction of single-stock leveraged ETFs is a policy failure and expresses dissatisfaction with the future allocation of asset securities

The head of the Korea Financial Supervisory Service, Lee Chan-jin, stated that he regrets introducing single-stock leveraged ETFs for Samsung Electronics and SK Hynix, and admitted a policy failure. Lee Chan-jin pointed out that the extremely high turnover rate of these products only benefits securities companies, estimating that these companies could earn as much as 10 trillion won in transaction fees. Investor safety measures are being prepared. Lee Chan-jin warned of statistical illusions in the current debt-fueled investment boom, and expressed dissatisfaction regarding asset securities allocation in SpaceX IPO subscriptions, describing the allocation process as unbelievable and vowing to share the review results.