ETF Turnover Hits Record as Retail Day Trading Spurs FSS Warning on Overheating

South Korea’s Financial Supervisory Service said at a capital market briefing on the 11th that ETF turnover had reached a record high as retail investors increasingly engaged in ultra-short-term trading. Deputy Governor Hwang Sun-oh said the regulator would work to foster a long-term investment culture rather than trading focused on short-term capital gains. Even during a strong market, about 30% of KOSPI stocks were cited as having fallen in April from the start of the year, underscoring concern that gains are not spreading evenly across the market. Single-stock ETFs holding Samsung Electronics and SK Hynix are also expected to launch within this month, raising further discussion about volatility. The FSS said the ETF market’s growth should be watched alongside risks of overheated trading and concentration in selected stocks. Source: mk.co.kr