Yonhap reports Seoul Mayor Oh Se-hoon criticised the government for permitting leveraged derivatives that have driven extreme stock-market volatility and for President Lee’s 'active debt relief' proposal, urging prompt structural measures. He said the KOSPI has triggered temporary automated-trading restrictions 37 times so far this year, exceeding the 26 triggers recorded during the entire 2008 global financial crisis. Oh added the government approved single-stock leveraged products despite know

Yonhap reports Seoul Mayor Oh Se-hoon criticised the government for permitting leveraged derivatives that have driven extreme stock-market volatility and for President Lee’s 'active debt relief' proposal, urging prompt structural measures. He said the KOSPI has triggered temporary automated-trading restrictions 37 times so far this year, exceeding the 26 triggers recorded during the entire 2008 global financial crisis. Oh added the government approved single-stock leveraged products despite knowing their large risks and then stood by as retail investors’ assets evaporated, producing the current market turmoil.