South Korea’s FSS admits the approval sequence for single-stock leveraged ETFs was incorrect
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AI-assisted source synthesis · not an independent investigation.
A report dated October 19, 2026, stated that Lee Chan-jin, head of the Financial Supervisory Service (FSS) of South Korea, admitted that, in order to meet the May 27 listing date, the regulator completed its review of the single-stock leveraged ETFs before the exchange had completed its preliminary review, and apologized for this. A total of 16 funds were listed that day. The relevant products aimed to achieve twice the daily percentage change of Samsung Electronics or SK Hynix shares. The report did not mention any subsequent rectification or other handling progress.
AI-written from reports · updated 1 hour ago
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- CryptopolitanFSS chief in South Korea admits to expediting approval of single-stock leveraged ETFs and apologizes
Lee Chan-jin, head of the Financial Supervisory Service (FSS) in South Korea, admitted that the regulator completed its review of single-stock leveraged ETFs before the exchange completed its preliminary review in order to meet the May 27 listing date. A total of 16 funds were listed that day, targeting 2x the daily price movements of Samsung Electronics or SK Hynix shares.
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