South Korea to Raise Cash Deposit Requirement for Leveraged ETF Trading to 30 Million KRW Starting July 31

Odaily reports that the Financial Services Commission of South Korea has announced a decision to bring forward the stricter deposit requirements for retail investors trading single-stock leveraged ETFs. The new rule, originally slated for August, will now take effect on July 31. Under the updated regulation, the cash deposit requirement will be raised to 30 million KRW, effectively increasing from 10 million KRW, and stocks, ETFs, and bonds will no longer count toward the minimum deposit. This rule applies to the purchase of single-stock leveraged ETFs listed both in South Korea and overseas. Companies that fail to complete system upgrades by July 31 will be advised to restrict new trades in such products. (Cailianshe)