韩国金融监管被质疑“风险评估不足”：单只股票杠杆ETF上市前未进行压力测试

Odaily Planet Daily News The Korean Financial Services Commission (FSC) approved the launch of single-stock leveraged ETFs without conducting stress tests on the specific ETF products, despite completing structural risk reviews, nor did it simulate potential market shocks from sharp declines in core heavyweight stocks such as Samsung Electronics and SK Hynix.

According to disclosures from the office of People Power Party lawmaker Park Seong-hoon on the 3rd, the risk analysis materials submitted by the FSC mainly include internal product risk review documents, individual stock market trading data, and a research report on leveraged and inverse ETFs previously published by the Korea Capital Market Institute.

An FSC official stated that the submitted materials already cover all existing analysis content and confirmed: "The FSC did not conduct its own stress tests on single-stock leveraged ETFs, nor did it outsource stress testing to external institutions for product listings."

Previously, at a National Assembly Political Affairs Committee meeting, Park Seong-hoon had requested the FSC to explain whether risk assessments such as extreme market scenario testing were conducted before introducing single-stock leveraged ETFs. FSC Chairman Lee Bok-hyun responded at the time that the products had undergone "comprehensive review" and promised to provide analysis materials. However, the final submitted documents did not include quantitative risk tests for scenarios involving sharp declines in individual stocks. (Supple)