South Korea will raise the cash deposit requirement for leveraged ETF trading to 30 million KRW starting July 31

According to Odaily, the South Korean Financial Services Commission announced that it will advance the implementation of stricter deposit requirements for retail investors trading single-stock leveraged ETFs to July 31, ahead of the originally scheduled August deadline. The deposit requirement is set at 30 million KRW and must be in cash. The cash deposit requirement has been raised from 10 million KRW to 30 million KRW; stocks, ETFs, and bonds will no longer be counted toward the minimum deposit. The new regulations apply to the purchase of both domestically and overseas listed single-stock leveraged ETFs. Companies that fail to complete system upgrades by July 31 will be advised to restrict new transactions in such products. (Caixin)