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South Korea's Ruling Party Chief Demands Special Prosecution Over Single-Stock Leveraged ETF Policy

2026-08-05 07:32:07

According to remarks made at a press briefing in South Korea's National Assembly on August 5, ruling Democratic People Power Party (PPP) chief Jang Dong-hyuk demanded a special prosecution into the approval process for single-stock leveraged exchange-traded funds (ETFs), alleging potential lobbying or improper collusion. Jang stated that the controversial ETF policy had caused retail investors to lose substantial holdings, and questioned whether the backing by presidential policy chief Kim Yong-beom involved undisclosed influence rather than legitimate policy judgment. He also highlighted that both Kim's son and Financial Supervisory Service chief Lee Chan-jin's son work at Mirae Asset, the firm that would benefit from the policy, calling for investigation to clarify the full scope of public harm.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

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