PANews, July 21st. According to Sina Finance citing South Korea’s Seoul Economic Daily, on the 20th, the South Korean Democratic Party urged the Financial Services Commission (FSC) to conduct intensive monitoring of single-stock leveraged ETFs and, if necessary, formulate supplementary measures. On the same day, lawmakers from the Democratic Party, affiliated with the National Assembly’s Political Affairs Committee, held a party-government consultation with the Financial Services Commission at the Yeouido National Assembly. They received work reports from officials including FSC Chairman Lee Eok-won. After the meeting, Park Sang-hyuk, the ruling party secretary of the National Assembly’s Political Affairs Committee and a Democratic Party lawmaker, told reporters: ‘The Financial Services Commission reported on the measures announced last Thursday. Lawmakers generally called for regulators to further strengthen market monitoring and situation assessment. If necessary, consideration should be given to researching and implementing more supplementary measures.’
