Macro & Policy/Currency & Rates
Korea Approved 2x Leveraged ETFs to Defend the Won. The Data Says It Didn't Work
In May 2026, Korean regulators approved single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix, hoping the move would pull Korean investment capital back from Hong Kong and help defend the Won. Two months later, Korea's own financial regulator publicly acknowledged the plan hadn't worked as intended. The data behind that admission is a useful case study in what happens when policy..