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South Korea's Financial Regulator Apologizes for Market Volatility Amid ETF Controversy
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South Korea's Financial Regulator Apologizes for Market Volatility Amid ETF Controversy

South Korea's Financial Services Commission (FSC) Chairman Lee Eog-weon apologized for failing to meet public expectations amid extreme market volatility, exacerbated by single-stock leveraged ETFs. The FSC announced measures to stabilize the market, including a hike in minimum cash deposits for ETF investments and potential caps on ETF investments within individual portfolios.

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Yonhap News
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