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President Lee says policy gaps in single-stock leveraged ETF rollout

South Korean President Lee Jae-myung said there were shortcomings in the government’s policy rollout for single-stock leveraged exchange-traded funds. He said he has not yet fully identified the detailed decision-making process, but was briefed at the time that the products were needed for foreign exchange market stability and to encourage domestic investment. Lee said investor protections should have been built in from the launch stage, not added later.