From left, Financial Supervisory Service Gov. Lee Chan-jin, Bank of Korea Gov. Shin Hyun-song, Deputy Prime Minister and Finance Minister Koo Yun-cheol and Financial Services Commission Chairman Lee Eok-weon pose during a meeting at the Government Complex Seoul, June 18. Yonhap
Financial authorities will convene a high-level meeting Thursday to discuss possible measures for single-stock leveraged exchange-traded funds (ETFs), as policymakers move to address mounting concerns that the products are amplifying swings in Korea's stock market.
The meeting, expected to be held under the government's macroeconomic and financial issues consultative group known as the F4, will bring together officials from the Ministry of Finance and Economy, the Financial Services Commission, the Financial Supervisory Service and the Bank of Korea.
The discussions come after weeks of increasingly volatile trading, with single-stock leveraged ETFs drawing growing scrutiny from regulators and market participants who say the products have become a significant driver of sharp price movements.
The KOSPI plunged more than 8 percent during Monday's session, triggering the market's seventh circuit breaker of the year and intensifying calls for a policy response.
