Controversy over '54 Trillion Won Loss' Leverage ETFs… Lee: "Unable to Identify Detailed Procedures"

Lee: "It is true there were shortcomings... Even a ghost wouldn't know the direction of stock prices"
Opposition criticizes as "evading responsibility"... Set to become a major issue in October's parliamentary audit
The controversy surrounding single-stock leverage Exchange Traded Funds (ETFs) for Samsung Electronics and SK Hynix, which shook the domestic stock market, is expected to continue. This is because President Lee Jae-myung stated that even four months after their introduction, he has not yet identified the decision-making process and detailed procedures for the implementation of leverage ETFs. Currently, the National Assembly's Political Affairs Committee has begun working to summon CEOs from the financial investment industry, including securities firms, as witnesses to resolve questions regarding the introduction process of leverage ETFs.
President Lee Jae-myung is holding his seventh press conference since inauguration at the Blue House Guest House on the 18th. Provided by the Blue House Press Corps
On the 18th, President Lee Jae-myung held a press conference at the Blue House Guest House and responded to questions regarding single-stock leverage ETFs by saying, "I have not yet identified the specific details of the process by which the decision (to introduce them) was made," adding, "Someone must have made the decision."
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