"'Why Rush the Review of Single-Stock Leveraged ETFs?' Criticism Prompts Lee Chanjin to Explain: 'To Meet the Listing Schedule' [2026 National Assembly Audit]"

Amid criticism that the listing review for single-stock leveraged exchange-traded funds (ETFs) was rushed, Financial Supervisory Service Governor Lee Chanjin said that the review had been expedited in part to meet the listing schedule.

Financial Supervisory Service Governor Lee Chanjin moves to his seat after handing the declaration to Political Affairs Committee Chair Yoo Dongsoo, having completed his oath as a witness during a parliamentary audit of the Financial Supervisory Service and other institutions at the National Assembly on October 19, 2026. Photo by Yoon Dongju

Rep. Park Dae-chul of the People Power Party said during a National Assembly Political Affairs Committee audit of the Financial Supervisory Service on October 19, “The average time to listing for ETFs is 62 days, and even for flagship index-based ETFs, it is 43 days,” adding that “this single-stock leveraged ETF took just 29 days.”

When Park asked, “The listing review usually has two stages. The Korea Exchange conducts a preliminary review, followed by a review by the Financial Supervisory Service. Is this the first time a review has been conducted before the preliminary review was completed?” Lee replied, “Around mid-April, the Financial Services Commission announced the listing schedule as a policy measure. We expedited the review in part to meet that schedule.”

Asked by Park whether he had also reviewed the preliminary review results midway through the process, Lee replied, “I checked, and I understand there were no particular issues.”

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