Financial Supervisory Service (FSS) Governor Lee Chan-jin held a meeting with CEOs of asset management companies this morning (July 13). During the meeting, he urged firms to strengthen their fiduciary duties and take extraordinary self-regulatory measures against practices that undermine market order within the rapidly growing Exchange Traded Fund (ETF) market. Governor Lee emphasized the need to improve transparency in the ETF market, which has recently faced concerns over extreme concentration and rising risks. Details of his remarks are provided in the video.

Reported by Lee Hyeon-yeong | Video by Kim Bok-hyeong | Graphics by Yook Do-hyun | Produced by SBS Digital News