Strengthening of single-stock leverage regulations... "Cash deposit of 30 million KRW required starting the 31st" Starting on the 31st, individual investors must meet a minimum cash deposit requirement of 30 million KRW to purchase new single-stock leverage products. This early implementation follows growing concerns over heightened volatility in semiconductor stocks and increased risks of individual investor losses since the launch of single-stock leverage products. Securities collateral will not be accepted; the cash requirement must be met at the time of new purchase. The Financial Services Commission (FSC) plans to introduce even stricter measures if excessive speculation persists after the enhanced deposit requirement, including individual investment limits (e.g., capped at 20% of total investment), mandatory simulated trading, and surcharges for excessive bidding. Additionally, the FSC is considering amendments to the Capital Markets Act to encourage asset managers to avoid end-of-day rebalancing and to implement a variable leverage system that adjusts leverage ratios during periods of extreme market volatility. Single-stock leverage products are designed for short-term trading due to their high risk of volatility erosion over the long term. As such, regulatory efforts to curb speculation in high-risk instruments are expected to intensify further. Amid recent sharp market fluctuations and cascading liquidation concerns, authorities have clearly drawn a firm line—requiring a 30 million KRW cash deposit—to significantly dampen speculative, short-term leverage demand.