South Korea's Ministry of Finance: Will restrict leveraged ETF trading and increase related transaction costs

On July 29, after an emergency meeting, the South Korean Ministry of Finance announced that South Korea is committed to taking more measures to stabilize the stock market and will implement measures to limit leveraged ETF trading. South Korea will maintain a 24-hour stock market monitoring system and establish a legal basis for implementing market stabilization measures in emergencies. At the same time, South Korea will strengthen regulation of leveraged ETF trading, limit retail investors' exposure to leveraged ETFs, immediately introduce additional regulatory measures for single-stock leveraged ETFs, and increase related transaction costs to curb ETF speculation.