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المشهد العربي
Korea issues apology over leveraged stock losses
Senior officials in South Korea issued official apologies after the launch of leveraged exchange-traded funds (ETFs) on individual stocks, which were accused of contributing to the deepening of the recent sell-off and sharp losses in the local stock market. Finance Minister Ko Yun-chul expressed regret for not conducting a comprehensive assessment and detailed evaluation of the implications of these financial instruments, while Financial Services Commission Chairman Lee Eo-joo-won confirmed that regulators recognized the public's dissatisfaction and acknowledged shortcomings in oversight and risk management related to these products.
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