韩国总统府高官涉嫌推动杠杆ETF面临刑事指控

The Odaily Planet Daily reports, according to South Korea's JoongAng Ilbo, Kim Yong-beom, the chief of policy at the South Korean presidential office, has been accused of abusing his authority, coercion, and obstruction of business for allegedly pushing for the listing of leveraged ETFs tied to individual semiconductor stocks. A formal criminal complaint has been filed. These single-stock leveraged ETFs are believed to have exacerbated market volatility and led to investor losses amounting to billions of dollars.

Lee Jong-bae, a conservative former Seoul city councilor backed by the opposition People Power Party, stated that he submitted a criminal complaint against Kim Yong-beom to the Supreme Prosecutors' Office on Monday through the government's online petition system. Lee believes that Kim effectively directed financial regulators to consider launching leveraged ETF products linked to single chip stocks.

Lee also claimed that South Korea's Financial Services Commission (FSC) has been internally reviewing a plan since January to establish the necessary regulatory framework and systems in the second quarter, followed by the launch of these products in the second half of the year. Lee stated: "Without Kim Yong-beom's instructions, financial regulators would not have rushed to introduce leveraged ETFs tied to single semiconductor stocks on the eve of the election, despite serious warnings about market risks." (Jin Shi Data APP)