▲ Rebuilding Korea Party
The Rebuilding Korea Party demanded the joint resignation of Financial Services Commission Chairman Lee Eok-won today, following the resignation of former Blue House Policy Chief Kim Yong-beom, who is known to have spearheaded the introduction of single-stock leveraged exchange-traded funds (ETFs).
Spokesperson Im Myung-hee stated in a commentary today, "Kim stepped down to take responsibility for the failure of government-directed finance," adding, "It is a belated yet necessary measure to restore the government's credibility."
Spokesperson Im pointed out, "This is not a matter that can be resolved simply by the resignation of former Policy Chief Kim Yong-beom," and added, "Chairman Lee shattered market trust and invited a contraction in liquidity through tardy responses—such as raising deposit requirements, capping leverage ratios, and setting investment limits—only after losses among retail investors surged."
She continued, "What is even more absurd is that he advised that 'investors should invest soundly at their own risk,'" criticizing that "not only is the hard-to-understand introduction process problematic, but he exacerbated the damage and shifted the blame onto investors to shirk responsibility."
She added, "Even to recover lost trust, responsible actions regarding the financial authorities' supervision and response must follow," and urged, "We urge Chairman Lee to step down."
(Photo provided by Rebuilding Korea Party, Yonhap News)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.