South Korean Opposition Accuses Government of Running Leveraged ETF Chat Rooms

Opposition accuses government of running trading chat rooms with leveraged ETFs

The main opposition People Power Party on Monday continued its attack on leveraged single-stock exchange-traded funds, with its floor leader accusing the government of fanning speculative investing. Speaking at the party's Supreme Council meeting on Monday, People Power Party floor leader Rep. Jeong Jeom-sig referred to the ETFs as "government-led 'leading rooms' targeting the public." The term "leading rooms" refers to stock tip chat rooms that provide advice on stock investments, often in exc

By The Korea Herald