Korea scrambles to rein in chip-leveraged ETFs

South Korea's financial regulators are scrambling to curb the influence of leveraged exchange-traded funds tracking the country's top chipmakers, Samsung Electronics and SK hynix, just weeks after approving the products as part of efforts to deepen the capital market. Financial Supervisory Service Gov. Lee Chan-jin, the country's top financial regulator, acknowledged that there is no easy way to address the market impact of the leveraged ETFs. At a closed-door meeting with the heads of local ass

By The Korea Herald