Lee Chan-jin, governor of the Financial Supervisory Service, speaks during a meeting with virtual asset exchange operators in Seoul, Thursday. Yonhap
The head of the nation's financial regulator said Tuesday excessive leveraged stock investments could undermine the financial health of households, warning retail investors against taking too much risk in a stock rally.
Lee Chan-jin, governor of the Financial Supervisory Service (FSS), made the remarks at a meeting with relevant officials on the protection of financial consumers.
Lee said the financial health of households could be severely undermined "if household financial assets are excessively concentrated in certain assets or invested using leverage beyond tolerable levels."
Lee called for the financial sector to step up its role of risk management and take preemptive measures if necessary.
