
National Assembly Steering Committee Audit Statement: “We apologize for causing concern to the public due to exposure to market volatility.”
AI-generated summary
Criticism has been raised that the introduction of single-stock leveraged ETFs has increased stock market volatility. The Blue House is aware of the related problems and is pursuing improvement measures.
Regarding the controversy surrounding the introduction of a single-stock leveraged ETF on the 29th, Blue House Policy Director Ha Jun-kyung said, "The timing of introduction coincided with the stock market reassessment period, and many citizens were exposed to great volatility. There are also people who suffered losses in the process. I feel sorry for causing concern to the public."
On this day, Director Ha attended the National Assembly Steering Committee's audit of the Blue House's government affairs and responded when Rep. Kim Han-gyu of the Democratic Party of Korea asked about his position, saying, "It is also true that there are evaluations that the introduction of ETFs had a negative impact on the domestic stock market."
Director Ha continued, “After recognizing the problem, we thought it needed to be resolved quickly, so we came up with several improvement measures,” adding, “We have been making efforts to reduce volatility.”
Meanwhile, in response to some claims that former Policy Director Kim Yong-beom proposed the introduction of a leveraged ETF at a meeting presided over on January 13, Director Ha only stated, "I understand that (the meeting in question) was a place to listen to the opinions of officials."

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