Bae Jae-kyu (배재규), chief executive of Korea Investment Trust Management, said investors should focus on direction and time and invest long term in growth industries rather than single-stock leveraged ETFs. He said short-term trading and leverage can be damaging, and asked that questions on leverage be limited. Bae reiterated his view that such products should be allowed to fade naturally. He also presented five strategic industries and said the firm will list a related ETF on Aug. 11.

South Korea\'s Financial Supervisory Service is expanding its inspection of Mirae Asset Securities over a SpaceX IPO subscription that ended with a final allocation of zero shares. The review, initially focused on professional investor registration, is widening to include investor protection and internal controls. The watchdog is checking the full process from subscription to failed allocation, including investor notifications, subscription solicitation and marketing. Complaints have also been filed with the regulator.