Ahn Cheol‑soo, a People Power Party lawmaker and former presidential candidate,
called on social media for strong corrective measures including delisting of
Korean leveraged ETFs that track Samsung Electronics and SK Hynix. He said the
KOSPI has "become a casino" and described the products as a "complete policy
failure" that is eroding tens of trillions of won in corporate value and
national wealth every day. His remarks have heightened policymakers' and
investors' concerns about the risks of these 2x single-stock leveraged ETFs,
whose mechanical rebalancing makes them buy more in rallies and sell more in
declines and may amplify market volatility.
