금융당국, 단일종목 레버리지 배율 직접 낮추는 '긴급조치권' 추진

Korea Moves to Give Regulators Emergency Power to Cut Single-Stock Leverage Multiplier

Part of the August 2, 2026 daily edition

금융위원회와 금융감독원은 증시가 급변할 때 시장 안정화 조치를 취할 수 있도록 하는 자본시장법 개정안 마련에 착수했습니다. 핵심은 현재 2배로 고정된 단일종목 레버리지 상품의 배율을 당국이 직접 낮출 수 있게 하는 ’긴급조치권’을 새로 확보하는 것입니다. 수익자 이익과 관련된 사안은 수익자총회를 거쳐야 한다는 해석에 따라 당국이 배율을 단기간에 조정하기 어렵다는 지적이 그동안 제기됐습니다. 당국은 앞서 7월 31일부터 기본예탁금을 1000만 원에서 3000만 원으로 올리는 1차 보완대책을 시행했습니다. 그 결과 시행 첫날 단일종목 레버리지 16개 종목의 거래대금은 전날 12조 4000억 원에서 약 3조 원으로 줄었습니다. 당국은 법 개정을 추진하는 한편 계좌별 투자한도 설정과 모의거래 의무화도 검토하고 있습니다.

Translation

The Financial Services Commission and the Financial Supervisory Service have begun preparing an amendment to the Capital Markets Act that would let market-stabilising measures be taken when the stock market swings sharply. At its core is securing a new "emergency power" that would allow the authorities to directly lower the multiplier on single-stock leverage products, currently fixed at two times. Under the interpretation that matters affecting beneficiaries' interests must go through a meeting of beneficiaries, it has been pointed out all along that the authorities cannot adjust the multiplier at short notice. Earlier, from 31 July, the authorities put into effect a first round of supplementary measures raising the minimum deposit from 10 million won to 30 million won. As a result, on the first day of implementation the trading value of the 16 single-stock leverage issues fell from 12.4 trillion won the previous day to about 3 trillion won. While pushing ahead with the legal amendment, the authorities are also reviewing per-account investment caps and mandatory simulated trading.

Vocabulary

급변하다동사 (verb)to change abruptly, to swing sharply
개정안명사 (noun)amendment bill, proposed revision to a law
착수하다동사 (verb)to embark on, to set to work on
배율명사 (noun)multiple, ratio (here: leverage multiplier)
긴급조치권명사 (noun)emergency intervention power (of a regulator)
수익자총회명사 (noun)meeting of a fund's beneficiaries
기본예탁금명사 (noun)minimum deposit required to trade a product
보완대책명사 (noun)supplementary measure, follow-up steps to plug a gap
거래대금명사 (noun)trading value, turnover
의무화명사 (noun)making something mandatory

Grammar points

N에 따라in accordance with N, under N

Formal written Korean uses N에 따라 to name the rule, interpretation or standard that something is done in line with, or under which something holds. The noun in front is a basis or criterion, not a person acting. Do not confuse it with N에 따르면 ('according to N'), which is used when reporting what a source says. In the article, the difficulty of changing the multiplier holds under an interpretation of the law: 해석에 따라.

Example: 회사는 새로 바뀐 규정에 따라 내부 기준을 다시 정했습니다.

In accordance with the newly changed rules, the company set its internal standards again.

-는 한편while also doing

Attached to a verb stem, -는 한편 presents two things the same subject pursues side by side. It is a written, news-register connective: the first clause is the main line of action, the second is what is being carried on alongside it. With adjectives or past facts the form appears as -(으)ㄴ 한편.

Example: 정부는 예산을 줄이는 한편 새 사업도 준비하고 있습니다.

While cutting the budget, the government is also preparing new projects.

-(ㄴ/는)다는 + Nthe N that says …

The quotative -(ㄴ/는)다고 하는 contracts to -(ㄴ/는)다는 and turns a whole statement into a modifier of an abstract noun such as 해석, 지적, 전망 or 방침. Verbs take -ㄴ다는/는다는, adjectives and 있다/없다 take -다는, and nouns take -(이)라는. The article stacks two of them: 거쳐야 한다는 해석 and 조정하기 어렵다는 지적.

Example: 제도가 너무 복잡하다는 지적이 여러 차례 나왔습니다.

The criticism that the system is too complicated has been raised several times.

금융당국, 단일종목 레버리지 배율 직접 낮추는 '긴급조치권' 추진

Translation

Vocabulary

Grammar points

N에 따라in accordance with N, under N

-는 한편while also doing

-(ㄴ/는)다는 + Nthe N that says …

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