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Finance

3 trillion won pours into single-stock leveraged ETFs as volatility pushes investors into losses

Investors in single-stock leveraged exchange-traded funds tied to Samsung Electronics and SK Hynix are increasingly facing losses, as volatility in semiconductor shares widens after strong inflows on listing day. Brokerage data showed most investors in major products were in the red, in some cases nearly all. Individual net buying in two TIGER leveraged ETFs exceeded 3 trillion won in total. Regulators have launched an emergency review of market conditions and investor protection.

Finance

Samsung Asset Management\'s KODEX 200 becomes first domestic ETF to top 30 trillion won in net assets

Investor money seeking to benefit from gains in South Korea\'s stock market is flowing into a flagship exchange-traded fund, pushing Samsung Asset Management\'s KODEX 200 above 30 trillion won in net assets for the first time in the country\'s ETF history. The company said the fund\'s net assets reached 30.8 trillion won on June 4, rising sharply since breaking 10 trillion won in October and 20 trillion won in April.

Fintech

RIA deduction rate cut to 80 percent amid muted return of Korean retail investors

The tax deduction rate on capital gains from overseas stocks in return-to-domestic-market accounts (RIA) fell to 80 percent this month from 100 percent, and will drop to 50 percent from August, complicating efforts to draw overseas equity money back to South Korea. Data showed limited domestic inflows through RIA and a May shift to net selling of U.S. stocks, while U.S. stock holdings by Korean investors still rose. Industry voices call for measures beyond tax breaks to boost the appeal of local markets.