South Korea vows to soothe stock market volatility as ETF boom slows

SEOUL, Aug 4 : South Korea will take steps to curb stockmarket volatility, the finance minister said on Tuesday, amid signs of a slowdown in retail investment in single-stock leveraged exchange-traded funds (ETFs).A cap that could limit such ETFs to 20 per cent of an individual's total investment assets was among additional curbs South Korea adopted last week after initial measures two weeks earlier failed to cool a retail boom in the risky investment products. Authorities will also swiftly enforce the measures unveiled on Thursday to curb use of single-stock leveraged ETFs, Finance Minister Koo Yun-cheol told a cabinet meeting televised live. Daily trading volume in such ETFs has fallen since last week's measures, to 291 billion won ($203.5 million) on Monday in the TIGER SK Hynix single-