Lee Jae-myung admits shortcomings in single-stock leveraged ETFs, but does not apologize for investor losses

Odaily report: South Korean President Lee Jae-myung admitted on Friday that single-stock leveraged exchange-traded funds (ETFs) launched earlier this year have shortcomings. He said at a press conference that these products were launched when the stock market rally was nearing its end, and the subsequent market reversal caused huge losses for investors. However, Lee Jae-myung did not apologize for this, nor did he name those responsible for the relevant policy decisions. The policy had previously triggered strong dissatisfaction and backlash from investors. (Jinshi)