Korea’s FSS chief apologizes for leveraged ETFs as “bring money home” plan backfires

Crypto Insight Summary: South Korea’s top financial supervisor has admitted to lawmakers that regulators pushed single-stock leveraged ETFs through review to meet a launch date. The Financial Supervisory Service (FSS) chief Lee Chan-jin is now the third senior official to admit fault for products that cost retail investors trillions of won. What did the FSS chief admit to?... Crypto Insight Analysis: Direction: Bearish KOSPI / Bearish KRW Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory admission of fault undermines market confidence in Korean financial products.