Bank of Korea Governor Shin Hyun-song said on the 12th at the National Affairs Inspection Meeting of the National Assembly's Finance and Economy Committee: “We have failed to issue a sufficient warning about single-share leveraged ETFs, and we apologize to the public for this.” He said, “At the end of May, I did not fully grasp the fluctuations in the Korean domestic stock market and the fluctuation in the memory chip sector.” Furthermore, in the “Financial Stability Report” released by the Bank of Korea in June, it was determined that a single-share leveraged ETF “is expected to prevent the flow of domestic investment capital overseas and help expand the inflow of overseas capital,” Shin Hyun-song also acknowledged the mistake in this judgment and stated, “Judging from the situation at the time, this judgment was inappropriate.”

Bank of Korea Governor Shin Hyun-song said on the 12th at the National Affairs Inspection Meeting of the National Assembly's Finance and Economy Committee: “We have failed to issue a sufficient warning about single-share leveraged ETFs, and we apologize to the public for this.” He said, “At the end of May, I did not fully grasp the fluctuations in the Korean domestic stock market and the fluctuation in the memory chip sector.” Furthermore, in the “Financial Stability Report” released by the Bank of Korea in June, it was determined that a single-share leveraged ETF “is expected to prevent the flow of domestic investment capital overseas and help expand the inflow of overseas capital,” Shin Hyun-song also acknowledged the mistake in this judgment and stated, “Judging from the situation at the time, this judgment was inappropriate.”