Woofun AI reports that South Korean President Lee Jae-myung stated the domestic stock market requires time to stabilize after experiencing unprecedented sharp gains in a short period. Speaking at a policy meeting in Seoul, Lee described the current market conditions as unstable and emphasized the need for volatility to subside. He acknowledged controversies surrounding leverage ETFs and directed the Financial Services Commission and the Korea Exchange to address these issues promptly with follow-up measures.

The National Power Party, South Korea’s largest opposition party, criticized the administration for setting ambitious stock market goals while ignoring growing leverage risks, arguing this encourages excessive risk-taking. Market analysts anticipate regulatory actions to curb the impact of high-risk products, potentially including higher minimum margin requirements for leverage ETF investments.