FSC Chief Says Launch of Single-Stock Leveraged ETFs Reflected Various Views

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Financial Services Commission Chairman Lee Won-geon publicly apologized on the 8th during the parliamentary audit of the National Assembly's Political Affairs Committee for the policy failure regarding the introduction of single-stock leverage products. In response to a demand for a public apology from People Power Party lawmaker Cho Jung-hoon during the audit, Chairman Lee stated, "We introduced single-stock leverage while considering its neces…

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporters Bae Young-kyung and Kang Su-ryeon = On the 8th, Financial Services Commission Chairman Lee Won-geon [addressed] opposition party lawmaker's question regarding whether single-stock leveraged exchange-traded funds (ETFs) were introduced at the direction of the Blue House...

chosunonline.com

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On the 8th, Lee Ok-won, Chairman of the Financial Services Commission, apologized during a parliamentary audit by the National Assembly's Political Affairs Committee for the policy failure surrounding the introduction of single-stock leveraged products. During the audit, Chairman Lee was asked to apologize by Cho Jung-hoon, a member of the People Power Party. He stated, "We introduced single-stock leveraged products based on the necessity of the…

ddaily.co.kr

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[Digital Daily Reporter Kim Nam-gyu] Rep. Park Sung-hoon of the People Power Party urged that key officials, including Kim Yong-bum, Chief of the Presidential Policy Office, be summoned as witnesses for the parliamentary audit to clarify suspicions regarding the launch process of high-risk financial products. He also raised criticism that the parliamentary audit could end up being a mere formality as the ruling and opposition parties failed to r…

asiae.co.kr

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Rep. Park Sung-hoon of the People Power Party demanded that former Blue House Policy Chief Kim Yong-bum be called as a witness during the parliamentary audit of the Financial Services Commission by the National Assembly's Political Affairs Committee.