Cheong Wa Dae Policy Chief Kim Yong-beom explained regarding President Lee Jae-myung's directive for the swift supplementation of single-stock leverage exchange-traded fund (ETF) systems that it "does not mean introducing new additional measures."

During a Cheong Wa Dae briefing, Chief Kim stated, "I understand it as President Lee asking when the previously announced measures will be implemented and calling for ways to execute them more quickly."

He added, "Since the measures announced last time include quite significant changes, swift implementation is the top priority. We need to observe their effects and consider necessary supplements afterwards. Because the effects have not yet materialized, talking about doing something extra is jumping the gun."

However, regarding his previous mention in a broadcast interview about optimizing selling pressure to address the discrepancy rate (the gap between an ETF's net asset value and its actual market price), he also remarked, "I think there is room for authorities and the industry to talk, such as interpreting the discrepancy rate portion flexibly."

Drawing a line regarding President Lee's mention the previous day of the Yellow Envelope Act and the issue of labor dispute scopes expanding excessively, Chief Kim stated, "I do not think the President expressed concern over the Yellow Envelope Act."

He went on to say, "He mentioned that if controversies arise due to a lack of clear guidelines, it could spread into debates blaming the Yellow Envelope Act, so it would be good for the Ministry of Employment and Labor to clearly establish its stance through guidelines. It does not mean it was because of the Yellow Envelope Act."

Regarding the aftermath of the Yellow Envelope Act, he evaluated, "Just like the saying 'is the glass half full or half empty,' whether it is positive or negative is up to each person's judgment, but at least bargaining units have not fragmented wildly to the point where primary contractors cannot keep their wits about them."

He projected, "Once 1 or 2 years pass and the Yellow Envelope Act settles in, the pros and areas for improvement will emerge. We can then evaluate and amend accordingly."

(Photo provided by Cheong Wa Dae Press Corps, Yonhap News)