South Korea's Financial Services Commission has announced new regulations requiring new investors to complete free simulated trades on Korean exchange websites before being allowed to purchase single-leveraged ETFs. This move is another step by Korean regulators to continuously tighten leverage trading, following previous measures that raised the minimum cash deposit requirement for single-stock leveraged ETFs to 30 million Korean Won and extended the online training duration for new investors to 3 hours. Since the cash threshold was raised on July 31st, the trading volume of single-stock leveraged ETFs has plummeted by over 90%, from 12.4 trillion Korean Won to 700 billion Korean Won on August 11th.